New Home Sales At Record 1.157M Rate

Newman, Emily
June 2003
Bond Buyer;6/26/2003, Vol. 344 Issue 31665, p2
Trade Publication
Sales of new, single-family homes in the United States increased 12.5% in May 2003. New home sales in May increased to a record seasonally adjusted annual rate of 1.157 million, following an unrevised 1.028 million level in April. The May figure follows a revised 1.0% increase in April, originally reported as a 1.7% hike. IFR BondData America's poll of economists had projected that May sales would total 1.040 million. The number of homes on the market at the end of May fell to 336,000, down from April's unrevised 338,000 level.


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