Jul 27: New Home Sales Jump – Economic Highlights
Source: http://www.zacks.com/stock/news/22798/Jul+27%3A+New+Home+Sales+Jump+-+Economic+HighlightsPosted on Monday, July 27th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
New Home Sales jumped 11% to a 384,000 annual pace, more than the expected 354,000 sale consensus, from 346,000 in May, originally reported at 342,000. Over the year, new home sales have fallen by 21.3% from 488,000 estimated in June of 2008. The median price of a new home sold in June was $206,200, with the mean price at $276,900. New homes available at the end of June were 281,000 seasonally adjusted, representing an 8.8 month supply at the current sales pace.
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