US New Home Sales Crash and Burn

Posted by Haver Analytics - ChartFacts

Share on Facebook

Tweet on Twitter


From Haver Analytics:

New home sales data was released by the Census Bureau yesterday morning and it was ugly. The seasonally adjusted annual sales rate hit 300,000 units. That was down 33% from April, 18% from May 09, and a whopping 78% from the peak in Jul 05.

It was a record low for the series which dates back to 1963. The latest level was well short of Consensus expectations for 420,000 sales.