U.S. New Home Sales Rose 11.1% In March

(For March 2011)

U.S. new home sales rose 11.1% to 300.000 SAAR; Consensus was  at 280.000 SAAR, prior reading (revised upward 20.000) was at 270.000 SAAR.

Month of supplies fell from 8.2 to 7.3 months. Backlog of unsold new homes is at 182.000.

This entry was posted on Monday, April 25th, 2011 at 10:52 am and is filed under U.S. Economic Data, U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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