FOREX TradingCharts.com

Financial News: U.S. New Home Sales Pull Back Much More

U.S. New Home Sales Pull Back Much More Than Expected In January

03/14/2019 - 10:12:00 (RTTNews)

(RTTNews) - After reporting a notable rebound in new home sales over the two previous months, the Commerce Department released a report on Thursday showing a substantial pullback in U.S. new home sales in the month of January.

The Commerce Department said new home sales plunged by 6.9 percent to an annual rate of 607,000 in January from a revised rate of 652,000 in December.

Economists had expected new home sales to edge down to a rate of 620,000 from the 621,000 originally reported for the previous month.

The report showed a steep drop in new home sales in the Midwest, which plummeted by 28.6 percent, while new home sales in the South and Northeast slumped by 15.1 percent and 11.4 percent, respectively.

On the other hand, the Commerce Department said new home sales in the West surged up by 27.8 percent during the month.

The median sales price of new houses sold in January was $317,200, down 0.6 percent from $319,100 in December and down 3.8 percent from $329,600 a year ago.

The report also said the estimate of new houses for sale at the end of January was 336,000, representing 6.6 months of supply at the current sales rate.

Compared to the same month a year ago, the annual rate of new home sales in January was down by 4.1 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Producer Prices Rise 1.1% On Year In February (01 hr(s), 07 min(s), 50 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 1.1 percent on year in February, the Bank of Japan sa ...Full Story»

New Zealand February Trade Surplus NZ$12 Million (02 hr(s), 19 min(s), 50 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$12 million in February, Statistic ...Full Story»

New Zealand Has NZ$12 Million Trade Surplus (02 hr(s), 34 min(s), 50 sec(s) ago)
(RTTNews) - New Zealand had a merchandise trade surplus of NZ$12 million in February, Statistics N ...Full Story»

New Zealand Trade Data On Tap For Tuesday (03 hr(s), 34 min(s), 50 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release February figures for imports, exports and trade ba ...Full Story»

German Business Confidence Rises For First Time In 7 Months (12 hr(s), 05 min(s), 50 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened in March, after weakening in the previo ...Full Story»

Spain Producer Price Inflation Rise For First Time In 5 Months (12 hr(s), 43 min(s), 50 sec(s) ago)
(RTTNews) - Spain producer price inflation rose in February for the first time in five months, dat ...Full Story»

Austria Production Index Rises In January (13 hr(s), 23 min(s), 50 sec(s) ago)
(RTTNews) - Austria production index expanded in January from a year ago, data from Statistics Aus ...Full Story»

Finland Producer Price Inflation At 1-Year Low (13 hr(s), 42 min(s), 50 sec(s) ago)
(RTTNews) - Finland's producer price inflation slowed to its lowest level in a year in Februar ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices Rise 1.1% On Year In February

03/25/2019 - 19:57 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 1.1 percent on year in February, the Bank of Japan sa ...Full Story>>

New Zealand February Trade Surplus NZ$12 Million

03/25/2019 - 18:45 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$12 million in February, Statistic ...Full Story>>

New Zealand Has NZ$12 Million Trade Surplus

03/25/2019 - 18:30 PM (RTTNews)
(RTTNews) - New Zealand had a merchandise trade surplus of NZ$12 million in February, Statistics N ...Full Story>>

New Zealand Trade Data On Tap For Tuesday

03/25/2019 - 17:30 PM (RTTNews)
(RTTNews) - New Zealand will on Tuesday release February figures for imports, exports and trade ba ...Full Story>>

German Business Confidence Rises For First Time In 7 Months

03/25/2019 - 08:59 AM (RTTNews)
(RTTNews) - Germany's business confidence strengthened in March, after weakening in the previo ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.