Here’s the new home sales report:
New Home Sales
New home sales rose 1.5% to an annual rate of 417k less than economists’ expectations for a smaller decrease to a rate of 420K. New home sales have been firmly ensconced above the 400k level so far this year indicating a new higher sales range and improvement in the market. New home sales continue to trend higher and are now 18.5% above their year ago level.
Here is Bll’s take from the Calculated Risk blog:
More on New Home Sales