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Reply #35: Countering the Bad News (w/Spec buying?) U.S. July new home sales rise to [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-24-05 09:03 AM
Response to Reply #6
35. Countering the Bad News (w/Spec buying?) U.S. July new home sales rise to
U.S. July new home sales rise to record 1.41 million

http://www.marketwatch.com/news/newsfinder/pulseone.asp...

WASHINGTON (MarketWatch) - Sales of new U.S. homes surged 6.5% in July to a record seasonally adjusted annual rate of 1.41 million, the Commerce Department said Wednesday. The supply of new homes on the market increased 1.8% in July to a record 460,000, which represents a lean 4-month supply at July sales pace. It's the tightest inventory in relation to sales since October. Economists were expecting sales to dip slightly to a 1.33 million pace in July, according to a survey conducted by MarketWatch. New home sales are up 27.7% since July 2004. Reversing a trend toward higher prices, the median sales price fell to $203,800, down 4% in the past year.

10:00am 08/24/05 U.S. JULY NEW HOME SALES BETTER THAN 1.33M EXPECTED

10:00am 08/24/05 U.S. JUNE NEW HOME SALES REVISED DOWN TO 1.324M VS. 1.374M

10:00am 08/24/05 U.S. JULY NEW HOME MEDIAN SALES PRICE FALLS 4% TO $203,800

10:00am 08/24/05 U.S. JULY NEW HOME INVENTORY RISES 1.8% TO RECORD 460,000

10:00am 08/24/05 U.S. JULY NEW HOME SALES RISE 6.5% TO RECORD 1.41M
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