Free Trial

Feb new home sales -0.6% to 618k SAAR. new..>

US DATA
US DATA: Feb new home sales -0.6% to 618k SAAR. Despite new homes coming 
in close to the 620k rate expected, the m/m declined due to the large 
upward revision in Jan to 622k from 593k.
-Sales +19.4% in the Northeast, +9.0% in the South, but -3.7% in the 
Midwest and -17.6% in the West. 
-The supply of new homes for sale +2.0% to 305k, its highest level since 
Mar 2009, and was +16.0% y/y.  
 -As a result of the fall in sales and the increase in new homes for sale, 
the months supply on market rose to 5.9 months from 5.8 months in Jan.
-The median new home sales price +0.6% to $326,800, but +9.7% y/y.  

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.