New single-family home sales fell 0.9% to a 321,000 unit pace in January, though comes after the month before was sharply upwardly revised to a 324,000 unit pace (was 307,000 units). The reading was also a bit stronger than the 315,000 unit pace expected by consensus. Sales were mixed across regions, with the Northeast and [...]
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Economic Update: U.S. New Home Sales Fell 1.6% in February
U.S. new home sales fell 1.6% in February to a 313,000 units pace. The reading was weaker than the 325,000 units expected by consensus and comes after January was revised down to a 318,000 unit pace (was 321,000), though at least December was revised up to a 336,000 unit pace (was 324,000). In contrast to [...]