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April New Home Sales Slow To 673k SAAR......>

US DATA
US DATA: April New Home Sales Slow To 673k SAAR After March Surge
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- April new home sales -6.9% to 673k SAAR vs expected 675k BBG, 670k MNI 
- Median home prices jumped to $342,200, high since Dec 2017
- March sales rev up to 723k SAAR from 692k, Feb rev up to 669k (662k) 
- April sales just below 679k Q1 avg; Annual revisions released with data 
- April sales breakdown: NE +11.5%, MW -7.4%, South -7.3%, West -8.3%
- Supply of new homes for sale -0.9% to 332k, +11.0% y/y.  
- Months supply on the market rose to 5.9 months vs 5.6 months in March

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