Posted on 09/25/2003 7:25:43 AM PDT by Starwind
U.S. Aug new home sales rose 3.4 pct
Thursday September 25, 9:57 am ET
WASHINGTON, Sept 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). . Pct Aug Jul Jun Aug'02 Total Units 3.4 1,150 1,112 1,179 1,025 By Region: Pct Aug Jul Jun Northeast 12.5 81 72 83 Midwest 12.9 245 217 188 South -1.1 529 535 549 West 2.4 295 288 359 Total August sales of new single-family homes rose 12.2 percent from August 2002. In 1,000s: Aug Jul Jun Actual Units Sold 100 96 105 Sales Prices: Mean 237.5 251.8 237.8 Median 184.5 192.5 186.3 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: . Jul Jun May Total Units -5.7 9.1 7.7 Number of Months: Aug Jul Jun Supply of Homes 3.7 3.7 3.6 1,000 units: Aug Jul Jun End-Month Inventory 347 340 343 FORECAST: Reuters survey of economists forecast: U.S. Aug new home sales annual rate of 1.123 million units HISTORICAL COMPARISONS/NOTES: U.S. AUG END-MONTH INVENTORY HIGHEST SINCE 350,000 UNITS IN JULY'96 U.S. AUG HOME SALES RATE 2ND HIGHEST ON RECORD US JULY HOME SALES REV TO -5.7 PCT FROM -2.9 PCT, RATE REV FROM 1.165 MLN UNITS
=DJ Table Of Data On US Existing Home Sales . August July June (Annual Rate In Millions Of Units) Existing Home Sales, 6.47 6.13 5.83 Seasonally Adjusted Percent Change 5.5 5.1 0.3 Northeast 0.710 0.700 0.650 Midwest 1.380 1.340 1.290 South 2.620 2.460 2.290 West 1.760 1.630 1.600 Month's Supply Available 4.6 4.6 5.1 (Not Seasonally Adjusted) Actual Sales 0.636 0.620 0.597 Average Price $224,500 $228,200 $223,200 Median Price $177,500 $181,600 $175,000 (END) Dow Jones Newswires 09-25-03 1051ET- - 10 51 AM EDT 09-25-03
That's quite a spike up from June. I wonder if these are distress/foreclosure sales, or folks upgrading/moving into new homes?
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