Monday, July 26, 2010

US New Home Sales boosted 23.6% in June


Forex Special

(Barcelona) - The number of new home sales in the US rose sharply by 23.6% in June, from a revised downbeat number of 36.7% fall earlier in May. The figure outstripped best expectations, after analysts anticipated a modest 5% increae.

Housing market conditions in the US improved unexpectedly, seeing the bullish number as an indication house buyers are starting to pick up the pace to believe in a slow yet progressive recovery. The rise in new home sales stood at 330K.

New Home Sales (MoM)

23.6%
Actual
5.0%
Consensus

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