- France: Registered Unemployment and Vacancies (Jun)
- US: Texas Service Sector Survey Indexes Only, waiting on full detail from the source
- US: Consumer Confidence (Jul), S&P/Case-Shiller Home Prices (May)
- Composite Survey: United States (Flash - Jul), Services Survey: United States (Flash - Jul)
- Ireland: Harmonized Competitiveness Indicator (Jun)
- Austria: Employment & Unemployment (Jun); Malta: PPI (Jun)
- Jordan: Financial Soundness Indicators (Q4); Qatar: Real Estate
- more updates...
Economy in Brief
U.S. Consumer Confidence Remains Steady
The Conference Board's Consumer Confidence Index of 97.3 during July stayed close to 97.4 in June...
U.S. Gasoline and Crude Oil Prices Weaken Further
Regular gasoline prices declined to $2.18 per gallon last week (-20.5% y/y)...
Japan's PPI Stays Low
Japan may be tired of weak prices, but the weakness is not letting up...
Texas Factory Sector Activity Reverses Earlier Deterioration; Outlook Brightens
The Federal Reserve Bank of Dallas indicated that its industrial activity in the state was little-changed during July...
UK CBI Survey for Q3 Deteriorates
U.K. optimism fell sharply in the Q3 CBI industrial trends survey by the Confederation of British Industry...
U.S. State Unemployment Rates Vary from 2.7% to 6.7%
The decline in the overall U.S. unemployment rate has stabilized this year, averaging 4.9% versus 5.3% during 2015...
by Tom Moeller July 26, 2016
Housing market improvement continued during June. Sales of new single-family homes increased 3.5% (25.4% y/y) to 592,000 (SAAR) from 572,000 in May, revised from 551,000. Sales of 557,000 had been expected in the Action Economics Forecast Survey.
The median price of a new home recovered 6.2% to $306,00 (6.1% y/y) following May's 9.8% decline. The average price of a new home increased 1.9% to $358,200 (8.8% y/y).
The decline in new home sales was paced by a 5.6% drop in the Northeast to 34,000 (30.8% y/y) which added to the prior month's decline. Sales in the South eased 0.3% (+21.1% y/y) to 321,000 following three months of firm increase. Countering these declines was a 10.9% increase (24.6% y/y) in the West to 152,000 which recouped the prior month's decline. Sales in the Midwest also firmed 10.4% (44.1% y/y) to 85,000 which added to May's m/m rise by roughly one quarter.
The months' supply of homes at the current sales rate declined to 4.9, the lowest level since February of last year. The median number of months a new home was on the market eased to 3.8 (NSA).
The data in this report are available in Haver's USECON database. The consensus expectation figure from the Action Economics Forecast Survey is available in the AS1REPNA database.
|U.S. New Single-Family Home Sales (SAAR, 000s)||Jun||May||Apr||Y/Y %||2015||2014||2013|
|Median Price (NSA, $)||306,700||288,800||320,000||6.1||297,258||283,775||265,092|