new home sales down 17,4% y/y
U.S. AUG. NEW-HOME SALES FALL IN WEST TO 5-YEAR LOW
U.S. JULY NEW-HOME SALES REVISED TO 1.009M, 3-YEAR LOW
U.S. AUG. NEW-HOME INVENTORIES DIP TO 6.6-MONTH SUPPLY
U.S. AUG. NEW-HOME MEDIAN SALES PRICE DOWN 1.3% Y-O-Y
nehmt die incentives von im schnitt 10% (in der spitze bis 30%) hinzu und das ganze sieht noch unerfreulicher aus.
U.S. AUG. NEW-HOME SALES UP 4.1% TO 1.05M V. 1.04M EXPECTED
The standard error is so high, in fact, that the government cannot be sure sales increased at all in August. The 4.1% increase is statistically meaningless.
Sales are down 17.4% in the past year and are down 23% from the peak last July.
Regionally, sales rose 21.7% in the Northeast, 12.2% in the Midwest, and 11.1% in the South. Sales dropped 17.7% in the West to the lowest level since November 2001.
The six-month average is down 16% from December. Sales are down 17.4% in the past year
more details and graphs from calculated risk
plus revisions down as far as the eye can see. danke geht an kim und hoz
Comment by Kim
Actually, May, June and July were revised sharply lower. If August also needs to be revised lower by the same amount as July(-.063M), which does not seem unlikely, then August numbers will actually be lower than July, and they will be under 1M.
dank geht hier an james bednar vom fantastischen blog http://njrereport.com/
Initial - 1,233
Revised - 1,173 (Down 4.9%)
Initial - 1,080
Revised - 1,038 (Down 3.9%)
Initial - 1,213
Revised - 1,121 (Down 7.6%)
Initial - 1,198
Revised - 1,121 (Down 6.4%)
Initial - 1,234
Revised - 1,101 (Down 10.8%)
Initial - 1,131
Revised - 1,091 (Down 3.5%)
Initial - 1,072
Revised - 1,009 (Down 5.8%)