U.S. New Home Sales Spike To Highest Level In Over A Year In July

RTTNews | 778 hari yang lalu

(RTTNews) - A report released by the Commerce Department on Friday showed a substantial increase by new home sales in the U.S. in the month of July.

The Commerce Department said new home sales spiked by 10.6 percent to an annual rate of 739,000 in July after rising by 0.3 percent to an upwardly revised rate of 668,000 in June.

Economists had expected new home sales to jump by 2.1 percent to an annual rate of 630,000 from the 617,000 originally reported for the previous month.

With the much bigger than expected surge, new home sales reached their highest annual rate since hitting 741,000 in May 2023.

The sharp increase in new home sales partly reflected strength in the West, where new home sales skyrocketed by 33.8 percent to an annual rate of 194,000.

New home sales in the Midwest and Northeast also spiked by 9.9 percent and 6.9 percent, respectively, while new home sales in the South shot up by 2.9 percent.

The report also said the median sales price of new houses sold in July was $429,800, up 3.1 percent from $416,700 in June but down 1.4 percent from $435,800 in the same month a year ago.

The estimate of new houses for sale at the end of July was 462,000, which represents 7.5 months of supply at the current sales rate. The months of supply is down from 8.4 in June but up from 7.3 in July 2024.

A separate report released by National Association of Realtors on Thursday showed existing home sales in the U.S. snapped a four-month skid in July, with sales rebounding by slightly more than expected.

NAR said existing home sales shot up by 1.3 percent to an annual rate of 3.95 million in July after plunging by 5.1 percent to a revised rate of 3.90 million in June.

Economists had expected existing home sales to jump by 1.0 percent to an annual rate of 3.93 million from the 3.89 million originally reported for the previous month.

Tag: USD

baca selengkapnya

U.S. Consumer Sentiment Index Falls More Than Expected In October

Consumer sentiment in the U.S. has deteriorated by more than expected in the month of October, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 46.3 in October from 48.1 in September. Economists had expected the index to dip to 47.6.

RTTNews | 1 hari yang lalu

U.S. Jobless Claims Unexpectedly Dip From Upwardly Revised Level

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd. The report said initial jobless claims edged down to 197,000, a decrease of 2,000 from the previous week's revised level of 199,000.

RTTNews | 2 hari yang lalu

U.S. Weekly Jobless Claims Unexpectedly Dip To 197,000

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd.

RTTNews | 2 hari yang lalu

Fed Minutes Reveal Officials Expect Another Rate Hike This Year

Most Federal Reserve officials expect to once again raise interest rates before the end of the year, according to the minutes of the central bank's September monetary policy meeting released on Wednesday. The Fed said, "Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end."

RTTNews | 3 hari yang lalu

U.S. Trade Deficit Widens To Seventeen-Month High In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August. The Commerce Department said the trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July.

RTTNews | 4 hari yang lalu

U.S. Trade Deficit Widens More Than Expected In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August.

RTTNews | 4 hari yang lalu

U.S. Services Index Indicates Modestly Slower Growth In September

A report released by the Institute for Supply Management on Monday showed a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI dipped to 54.9 in September after rising to 55.4 in August, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 55.0.

RTTNews | 5 hari yang lalu

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

RTTNews | 8 hari yang lalu

EURUSD	1.12015	GBPUSD	1.3233
USDJPY	158.299	USDCAD	1.42512