New Home Sales During December 2017
The December 2017 New Home Sales report was released by the Commerce Department this morning:
Predicted: 680,000
Actual New Home Sales: 625,000
------------------------------------------------------
Change from One Month Previous: -9.3%
Change from One Year Previous: +14.1%
------------------------------------------------------
Median Price for a New Home during December: $335,400
(all-time record high)
========
Average Price for a New Home during December: $398,900
(all-time record high)
------------------------------------------------------
------------------------------------------------------
------------------------------------------------------
From today's report:
------------------------------------------------------
Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.
Predicted: 680,000
Actual New Home Sales: 625,000
------------------------------------------------------
Change from One Month Previous: -9.3%
Change from One Year Previous: +14.1%
------------------------------------------------------
Median Price for a New Home during December: $335,400
(all-time record high)
========
Average Price for a New Home during December: $398,900
(all-time record high)
------------------------------------------------------
------------------------------------------------------
 |
| New Home Sales - December 2017 |
------------------------------------------------------
From today's report:
...An estimated 608,000 new homes were sold in 2017. This is 8.3 percent (±4.1 percent) above the 2016 figure of 561,000...
------------------------------------------------------
Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.
Labels: hard_data, housing, new_home_sales, real_estate
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | 1/25/2018 08:06:00 PM
<< Home