TITLE

New Home Sales At Record 1.157M Rate

AUTHOR(S)
Newman, Emily
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/26/2003, Vol. 344 Issue 31665, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10152867

 

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