wrapper

New Home Sales rose to an eight year high

Tuesday, May 24 2016
Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Analysts were expecting smaller increase to 521,000.
This is 16.6% above the revised March rate of 531,000 and is 23.8% above the April 2015 estimate of 500,000. The median sales price of new houses sold in April 2016 was $321,100; the average sales price was $379,800.  The seasonally adjusted estimate of new houses for sale at the end of April was 243,000.  This represents a supply of 4.7 months at the current sales rate.
 
Euro is currently being traded few points above 1.1160 level, Sterling is around 1.46 handle, while Aussie is at 0.7180 area.
More in this category: « Carney says BoE may have to break purdah period on EU referendum Construction Work Done fell by 2.6% in Q1 »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.