- France: Registered Unemployment & Vacancies (Sep)
- US: New York Fed Coincident Indexes (Sep)
- US: New Residential Sales (Sep)
- Moldova: Monetary Statistics: Average Interest Rates
- Russia: Cross Border Remittances (Aug); Armenia: Monetary Aggregates (Sep); Kazakhstan: Wages (Sep-Prelim)
- Italy: Retail Trade (Aug), Contractual Wages (Sep), Consumer Survey (Oct)
- Finland: Import & Export Prices, PPI, Wholesale Prices,
- more updates...
Economy in Brief
German Economic Climate Makes a Small Rebound for November
Germany's consumer climate for November, measured by the survey group GfK, rose for the first time in two months...
U.S. Leading Economic Indicators Index Signals Continued Growth
The Index of Leading Economic Indicators from the Conference Board increased 0.8% (6.3% y/y) last month following no change in August...
U.S. FHFA Home Price Inflation Decelerates
The FHFA U.S. House Price Index improved 0.5% during August following a 0.2% July gain...
U.S. Initial Unemployment Insurance Declines to 2000 Low
The job market remains on a firm footing...
Chicago Fed National Activity Index Recovers
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for September rebounded to 0.47 from a little-revised -0.25 in August...
EMU Flash PMIs Show Life But Not Much Pulse
European markets reacted positively overnight to the release of the PMI data by Markit...
by Tom Moeller October 24, 2014
New home sales during September edged up 0.2% m/m to 467,000 (17.0% y/y) following a revised 15.3% August rise to 466,000, initially reported as 504,000. It was the highest level of sales since July 2008. The latest figure essentially matched expectations for 468,000 sales in the Action Economics Forecast Survey. These volume numbers are quoted at seasonally adjusted annual rates.
The median price for a new home declined 9.7% to $259,000 (-4.0% y/y) from $286,800 in August, revised from $275,600. The average price of a new home fell 10.3% to 313,200 (-2.6% y/y) from $349,300, revised from $347,900.
Home sales in the Midwest jumped 12.3% to 64,000 (6.7% y/y) while sales in the South gained 2.0% to 261,000 (18.6% y/y). New home sales in the Northeast were unchanged at 30,000 (20.0% y/y) while sales in the West declined 8.9% to 112,000 (+19.1% y/y).
The inventory of unsold homes increased 1.5% to 207,000 (13.1% y/y), the highest level since July 2010 and up 45.8% from the 2012 low. The months' sales supply of new homes held at 5.3 months, its lowest level since May. The length of time to sell a new home of 3.1 months was higher than the 2.9 months last October but down from 14.0 months at the end of 2009.
The data in this report are available in Haver's USECON database. The consensus expectation figure from the Action Economics survey is available in the AS1REPNA database.
Using the Federal Reserve's Beige Book to Track Economic Activity from the Federal Reserve Bank of Chicago is available here.
|U.S. New Home Sales||Sep||Aug||Jul||Y/Y %||2013||2012||2011|
|Total SAAR, 000s||467||466||404||17.0||430||368||306|
|Median Price (NSA, $)||259,000||286,800||285,200||-4.0||265,092||242,108||224,317|