Intraday Market Thoughts
Plunging US home sales not weather's fault
by
Apr 23, 2014 18:30
Act | Exp | Prev | GMT |
---|---|---|---|
New Home Sales (MAR) (m/m) | |||
0.384M | 0.450M | 0.449M | Apr 23 14:00 |
New Home Sales Change (MAR) (m/m) | |||
-14.5% | -4.5% | Apr 23 14:00 |
Sales of new homes in the US plunged 14.5% in March to 384,000 annualized units, the lowest level in eight months. The 14.5% decline was the 3rd biggest monthly drop in 20 years, with the larger declines seen in July 2013 and May 2010 at -17.1% and -33.5% respectively. Full charts & analysis here
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