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July New Home Sales Soar to 12.4% Month-over-Month, Surprises Forecast

This morning's release of the July New Home Sales from the Census Bureau came in at 654K, up 12.4% month-over-month from a revised 582K in June. Seasonally adjusted estimates for April and May were revised.

New Home Sales increased to 654,000 Annual Rate in July, Highest since October 2007

CR Note: I'm in NYC for a few days and having a great time. Sorry - no graphs until I return home.The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 654 thousand. The previous three months...Show More Summary

Here come new home sales ... (XHB, ITB)

The Census Bureau will release data on new home sales during July at 10 a.m. ET. Economists forecast that sales of new single-family houses fell 2% at a seasonally adjusted annual rate of 580,000, according to Bloomberg. New home sales data are among the volatile monthly numbers on the housing market, and are subject to revision. Show More Summary

The Adjustment Bureau with Matt Damon Goes According to Plan

“Because you’ll never know how to use free will until you fight for it. I think that's The Chairman's plan. And maybe we won't write the plan. You will.” The post The Adjustment Bureau with Matt Damon Goes According to Plan appeared first on The Good Men Project.

U.S. builders surprise economists, break ground on 1.21 million homes

Builders broke ground on 1.211 million new homes in the U.S. in July, a seasonally adjusted increase of 2.1 percent, according to a report released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Show More Summary

Housing starts unexpectedly rose

New residential construction surprised on the upside, according to the Census Bureau. Housing starts jumped 2.1% at a seasonally adjusted annual rate of 1.211 million. This is only the third time starts have been higher than 1.2 million...Show More Summary

Housing Starts increased to 1.211 Million Annual Rate in July

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,211,000. This is 2.1 percent above the revised June estimate of 1,186,000 and...Show More Summary

Actually, The US LOST 1,030 Million Jobs in July (Teachers’ Summer Break)

To better understand the July Jobs report, one has to understand the seasonal adjustments that the Bureau of Labor Statistics employs. Nonfarm payroll jobs added in July on a seasonally adjusted basis were +255,000 in July. But the raw or NON seasonally adjusted numbers were -1,030,000 jobs. Show More Summary

New Home Sales increased to 592,000 Annual Rate in June, Highest since 2008

The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 592 thousand. The previous three months were revised up by a total of 22 thousand (SAAR)."Sales of new single-family houses in June 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Show More Summary

Here come new home sales ...

The Census Bureau will release data on new home sales at 10 a.m. ET. Economists forecast that sales rose 1.6% at a seasonally adjusted annual rate of 560,000, according to Bloomberg. Sales fell less than expected in May, by 6% at a rate...Show More Summary

Construction Spending up in April Thanks to Residential Construction

The U.S. Census Bureau reported that total construction spending advanced 0.3% in April after rising the same amount in March. April total construction spending was $820.7 billion at a seasonally adjusted annual rate (SAAR)

Housing Starts increased to 1.189 Million Annual Rate in June

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000. This is 4.8 percent above the revised May estimate of 1,135,000, but...Show More Summary

Housing starts jump more than expected

New residential construction rose at a faster rate than expected in June, according to the Census Bureau. Housing starts jumped 4.8% at a seasonally adjusted annual rate of 1.189 million, rebounding from a downward-revised 1.7% dropShow More Summary

Retail Sales increased 0.6% in June

On a monthly basis, retail sales were up 0.6% from May to June (seasonally adjusted), and sales were up 2.7% from June 2015.From the Census Bureau report:The U.S. Census Bureau announced today that advance estimates of U.S. retail and...Show More Summary

New Home Sales decreased to 551,000 Annual Rate in May

The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 551 thousand. The previous three months were revised down by a total of 55 thousand (SAAR)."Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Show More Summary

Here come new home sales ...

The Census Bureau will release data on new home sales during May at 10 a.m. ET. Economists forecast that sales fell 9.5% at a seasonally adjusted annual rate of 560,000, according to Bloomberg. Via Bank of America Merrill Lynch: "We think new home sales will fall by 5%, to 585K, in May, partly reversing the strong 16.6% increase in April. Show More Summary

Obama Administration to Revise Total GDP Growth Down 2%

``The Department's Bureau of Economic Statistics (BEA) regularly makes small revisions to its published statistics as more information becomes available over time. But in a massively large adjustment, the BEA just revised downward --...Show More Summary

Housing Starts decreased to 1.164 Million Annual Rate in May

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,164,000. This is 0.3 percent below the revised April estimate of 1,167,000, but...Show More Summary

Retail Sales increased 0.5% in May

On a monthly basis, retail sales were up 0.5% from April to May (seasonally adjusted), and sales were up 2.5% from May 2015.From the Census Bureau report:The U.S. Census Bureau announced today that advance estimates of U.S. retail and...Show More Summary

New Home Sales increased sharply to 619,000 Annual Rate in April

The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 619 thousand. The previous three months were revised up by a total of 44 thousand (SAAR)."Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Show More Summary

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