- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller January 26, 2017
Sales of new single-family homes declined 10.4% to 536,000 during December from a revised 598,000 in November, initially reported as 592,000. Sales of 589,000 had been expected in the Action Economics Forecast Survey. During December, sales remained unchanged y/y, but for all of 2016, sales rose 12.2% y/y to 562,000, the highest level since 2007.
The median price of a new home increased 4.3% (7.9% y/y) to $322,500 from $309,200, revised from $305,400. The average price of a new home jumped 5.1% (7.2% y/y) to $384,000 following a 7.4% increase in November.
Last month's decline in new home sales was led by a 41.0% fall (-40.0% y/y) in sales in the Midwest to 49,000. In the South, sales fell 12.6% (0.0% y/y) to 285,000. Home sales in the West eased 1.3% (0.0% y/y) to 156,000, but in the Northeast sales increased 48.4% (50.0% y/y) to 46,000.
The months' supply of homes at the current sales rate jumped to 5.8, the highest level since September 2015. The median number of months a new home was on the market held steady at 3.2 (NSA), and was down from 4.1 months in April.
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)||Dec||Nov||Oct||Dec Y/Y %||2016||2015||2014|
|Median Price (NSA, $)||322,500||309,200||301,800||7.9||308,942||297,258||283,775|