new home sales down 17,4% y/y

FIRST YEAR-OVER-YEAR DROP IN MEDIAN SALES PRICE SINCE 2003

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

http://calculatedrisk.blogspot.com/2006/09/august-new-home-sales-1050-million.html

plus revisions down as far as the eye can see. danke geht an kim und hoz

Comment by Kim
2006-09-27 06:51:01
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/

January
Initial - 1,233
Revised - 1,173 (Down 4.9%)

February
Initial - 1,080
Revised - 1,038 (Down 3.9%)

March
Initial - 1,213
Revised - 1,121 (Down 7.6%)

April
Initial - 1,198
Revised - 1,121 (Down 6.4%)

May
Initial - 1,234
Revised - 1,101 (Down 10.8%)

June
Initial - 1,131
Revised - 1,091 (Down 3.5%)

July
Initial - 1,072
Revised - 1,009 (Down 5.8%)

jan-martin