Jul
26
Home Sales Jump, Confidence Stable: U.S. Economic Takeaways
By-
Demand for new houses climbs to more than eight-year high
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Consumers more confident about current state of economy
What you need to know about Tuesday’s U.S. economic data:
NEW-HOMES SALES (JUNE)
- Rose 3.5 percent to 592,000 annualized pace (forecast was 560,000), strongest since February 2008
- Regionally, sales up 10.9 percent in West and 10.4 percent in Midwest to highest level since November 2007
- Previously reported decrease in May was revised away, now unchanged at 572,000 rate
- Supply of homes dropped to 4.9 months, leanest since February 2015…
