Free Trial

February new home sales +4.9% to 667k SAAR,.>

US DATA
US DATA: February new home sales +4.9% to 667k SAAR, well above the 616k 
rate expected by MNI and the 620k Bloomberg consensus. 
------------------------------------------------------------------------
- Jan sales rev up to 636k and Dec sales rev down to 588k. 
- The supply of new homes for sale -0.6% to 340k, and +13.3% y/y. 
- The months supply on market down to 6.1 months from 6.5 in Jan, but up 
from 5.4 months a year ago. 
- The median new home sales price +3.8% to $315,300, -3.6% y/y.
- Sales were up in the Northeast (+26.9%), the Midwest (+28.3%), and 
the South (+1.8%), but flat in the West.
- The Q1 average sales rate of 652k stands above the 584k average for Q4

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.