US June new home sales rose 4.7 pct

Biz.Yahoo/Reuters ^ | July 25, 2003

[Starwind]

US June new home sales rose 4.7 pct Friday July 25, 10:01 am ET

   WASHINGTON, July 25 (Reuters) - U.S. Commerce Department
reported sales of new single-family homes, seasonally adjusted,
with percent changes from prior month (numbers in 1,000s).
Total Units
.   Pct   June    May   (Prev)    Apr    (Prev)   June'02
.   4.7  1,160  1,108   1,157     999    1,028     959
By Region:    Pct   June   May  (Prev)    Apr     (Prev)
  Northeast  32.3    86     65      71    69         78
  Midwest     9.8   190    173     185    174       182
  South       0.9   537    532     554    465       478
  West        2.7   347    338     347    291       290
  Total June sales of new single-family homes rose 21.0 percent
from June 2002.
In 1,000s:       June    May (Prev)    Apr (Prev)
Actual Units Sold    104    103   108      91     94
Sales Prices:
  Mean             243.5  245.8  242.5  236.5  234.6
  Median           187.0  197.6  195.2  187.2  185.5
Note-Actual number of new single-family units sold is not
seasonally adjusted.
Monthly percent changes of total sales, seasonally adjusted,
from prior months as follows:
.                May (Prev)    Apr (Prev)    Mar (Prev)
Total Units     10.9   12.5   -0.9   1.0     7.8   8.9
 Number of Months:     June    May  (Prev)   Apr  (Prev)
 Supply of Homes        3.6    3.7    3.5    4.1    3.9
1,000 units:           June    May (Prev)    Apr (Prev)
 End-Month Inventory    345    341    336    342    338
 FORECAST:
 Reuters survey of economists forecast:
 U.S. June new home sales annual rate of 1.120 million units
 HISTORICALS/NOTES:
 US JUNE SINGLE-FAMILY HOME SALES RATE HIGHEST ON RECORD

[Starwind]

The full Commerce Dept report (.pdf) is at NEW RESIDENTIAL SALES IN JUNE 2003

[Starwind]

fyi...

[Wright is right!]

EXISTING home sales were just slightly down a miniscule 0.2%, but NEW home sales spiked up. Overall, very good figgers, certainly due to the interest rates.

Michael

[Tauzero]

4.7% +/- 9.8%

yoy is better

21.0% +/- 11.5%