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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.
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Free AccessMNI: 5 Things We Learned From New Residential Sales Data>
By Holly Stokes and Sara Haire
WASHINGTON (MNI) - The following are the key points from the
September new residential sales data released Wednesday by the
Commerce Department:
-September new home sales +18.9% to 667k SAAR, its highest level
since October 2007 (727k), and well above the 555k expected.
-Sales rose in the Northeast by 33.3% to 48k, the highest level
since January 2008 (50k), and in the South by 25.8% to 405k, the highest
level since July 2007 (415k).
- Sales were up in all regions, leading to the largest total sales
percent change m/m since January 1992.
-Due to flat supply and rising sales, the months supply on market
decreased to 5.0 months from 6.0 months in August.
-The median new home sales price +5.2% to $319,700, and +1.6% y/y.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$]
To read the full story
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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.