U.S. New Home Sales Rose 1.3% In October

November 28th, 2011 by Belisarius

(For October 2011)

U.S. new home sales rose 1.3% to 307.000 SAAR; Consensus was  at 315.000 SAAR, prior reading (revised downward 10.000) was at 303.000 SAAR.

Months of supplies fell from 6.4 to 6.3 months. Backlog of unsold new homes remained at 162.000.

This entry was posted on Monday, November 28th, 2011 at 9:13 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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