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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

New home sales surge to an 8-year high

New home sales surged 16.6% at a seasonally adjusted annual rate of 619,000 in April, according to the Census Bureau. Economists forecast that sales of new single-family homes rose 2.4% at a seasonally adjusted annual rate of 523,000...Show More Summary

Tuesday: New Home Sales, Richmond Fed Mfg, Q1 2016 Household Debt and Credit Report

Tuesday:• At 10:00 AM ET, New Home Sales for April from the Census Bureau. The consensus is for a increase in sales to 523 thousand Seasonally Adjusted Annual Rate (SAAR) in April from 511 thousand in March.• Also at 10:00 AM, Richmond...Show More Summary

Housing Starts increased to 1.172 Million Annual Rate in April

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 6.6 percent above the revised March estimate of 1,099,000,Show More Summary

Retail Sales increased 1.3% in April

On a monthly basis, retail sales were up 1.3% from March to April (seasonally adjusted), and sales were up 3.0% from April 2015.From the Census Bureau report:The U.S. Census Bureau announced today that advance estimates of U.S. retail...Show More Summary

Delusional AP Treats Awful Economic Report as ‘Rebound’

Today's stories at the business wires covering this morning's disastrous durable goods report from the Census Bureau ranged from good to absolutely horrid. March orders only increased by a seasonally adjusted 0.8 percent, less than half of the 1.7 percent to 2.0 percent increase that was expected. Show More Summary

New Home Sales decreased to 511,000 Annual Rate in March

The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 511 thousand. The previous three months were revised up by a total of 23 thousand (SAAR)."Sales of new single-family houses in March 2016 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. Show More Summary

New home sales unexpectedly fall

New home sales fell 1.5% at a seasonally adjusted annual rate of 511,000 in March, according to the Census Bureau. Economists had forecast that new home sales rose 1.6% at a seasonally adjusted annual rate of 520,000, according to Bloomberg. Sales...Show More Summary

Housing Starts decreased to 1.089 Million Annual Rate in March

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,089,000. This is 8.8 percent below the revised February estimate of 1,194,000,...Show More Summary

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