U.S. New Home Sales Rose 7.3% In April

(For April 2011)

U.S. new home sales rose 7.3% to 323.000 SAAR; Consensus was  at 300.000 SAAR, prior reading (revised upward 1.000) was at 301.000 SAAR.

Month of supplies fell from revised 7.2 to 6.5 months. Backlog of unsold new homes is at 175.000.

This entry was posted on Tuesday, May 24th, 2011 at 8:09 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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