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Jan New Home Sales +7.9% to 764k, Highest...>

US DATA
US DATA: Jan New Home Sales +7.9% to 764k, Highest Since 2007
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-Dec New Home Sales Revised Up To 0.708 Mln (Prev 0.694 Mln)
-Jan New Homes Supply +0.3% To 324,000; 5.1-Mos Vs 5.5 Dec
-Jan Median New Home Price +7.4% To Record $348,200; +14.0% Yr/Yr
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New home sales hit its fastest pace since 2007 in January, registering 
764k saar and beating expectations for a 715k gain. Sales in the 
Midwest and West regions surged. December was also revised higher to 
708k. Months supply fell to 5.1 from 5.5 in December, lowest since 
November 2017, while the median new home sales price rose to a record 
high $348,200. 

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