- Analytics
- News and Tools
- Market News
- U.S. new home sales rise more than forecast in June
U.S. new home sales rise more than forecast in June
The U.S. Commerce
Department announced on Wednesday that the sales of new single-family homes surged
7.0 percent m-o-m to a seasonally adjusted annual rate of 646, 000 units in June.
Economists had
forecast the sales pace of 660,000 last month.
May’s sales
pace was revised down to 604,000 units from the originally reported 626,000
units.
According to
the report, new home sales in the South, the largest area, increased 0.3
percent m-o-m in June to a 13-month high, while sales in the West climbed
50.4%, recording the biggest gain since August 2010 after 38.5% plunge in May.
Meanwhile, sales in the Midwest tumbled 26.3% to their lowest level since
September 2015, and sales in the Northeast dropped to their lowest level in
eight months.
In y-o-y terms,
new home sales recorded a 3.7 percent drop in May.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
