US new home sales for January 923K vs. 856K estimate

January 2021 new home sales

  • January new home sales increased to 923K vs. 856K estimate and 885K last month (revised from 842K). The forecast range was 750K to 940K
  • the gain was 4.3% vs. 1.6% estimate. Last month the gain was revised to +5.5% from +1.6%
  • median new home prices rose 5.3% year on year to $346,400. The average selling price came in at $408,800.
  • 21% of new homes sold in January cost more than 500,000 up from 16% in the prior month
  • houses for sale in January rose 2.7% MoM to 307,000
  • Month supply at 4.0 months in January vs. 4.1% in December
  • the 2020 high came in at 979K. The all-time high for new home sales was in July 2005 at 1389K. The all-time low was in February 2011 at 270 K
New home sales

Strong numbers for new home sales in January 2021

Invest in yourself. See our forex education hub.

Source link

Categorized as Forex

By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

Leave a comment

Your email address will not be published. Required fields are marked *