Wednesday , 20 January 2021

New Homes Sales Fall Short of Expectations

By Jann Swanson

Posted To: MND NewsWire

This is a breaking story and will be updated shortly. The annual pace of single family home sales in June rose to 610k units from a negatively-revised 605k (initially reported at 610k) in May. The median forecast among economists surveyed by Reuters called for an annual pace of 615k. Additional newswires from Reuters: US JUNE SINGLE-FAMILY HOME SALES 0.610 MLN UNIT ANN. RATE, (CONS 0.615 MLN) VS MAY 0.605 MLN UNIT RATE (PREV 0.610 MLN) US JUNE SINGLE-FAMILY HOME SALES +0.8 PCT VS MAY +4.9 PCT (PREV +2.9 PCT) US JUNE HOME SALES NORTHEAST UNCHANGED, MIDWEST +10.0 PCT, SOUTH -6.1 PCT, WEST +12.5 PCT US JUNE NEW HOME SUPPLY 5.4 MONTHS’ WORTH AT CURRENT PACE VS MAY 5.3 MONTHS US HOMES FOR SALE AT END OF JUNE 0.272 MLN UNITS VS MAY 0.269 MLN UNITS US JUNE MEDIAN SALE PRICE $310,800, -3.4 PCT…(read more)

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