U.S. New Home Sales Rose 2.1% In May

(For May 2011)

U.S. new home sales fell 2.1% to 319.000 SAAR; Consensus was  at 305.000 SAAR, prior reading (revised upward 3.000) was at 326.000 SAAR.

Month of supplies fell from revised 6.3 to 6.2 months. Backlog of unsold new homes is at 166.000.

This entry was posted on Thursday, June 23rd, 2011 at 8:12 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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