Graph of the Day for July 29, 2010

"New home sales rebound 24% -- New home sales rebounded in June from the record low hit the previous month but remained sluggish.  New home sales increased 23.6% to a seasonally adjusted annual rate of 330,000 last month, up from an downwardly revised 267,000 in May, the Commerce Department reported Monday. Sales year-over-year fell 16.7%."  CNN Money, July 26, 2010.


Source:  St. Louis Fed/FRED.


Hoven's Index for July 29, 2010

Month of fewest new home sales (seasonally adjusted annual rate) since 1962 and prior to May 2010:  September 1981

New home sales that month (Sept. 1981):  338,000

In May 2010:  267,000

In June 2010:  330,000

Source:  St. Louis Fed/FRED.


Graph of the Day Archive.

"New home sales rebound 24% -- New home sales rebounded in June from the record low hit the previous month but remained sluggish.  New home sales increased 23.6% to a seasonally adjusted annual rate of 330,000 last month, up from an downwardly revised 267,000 in May, the Commerce Department reported Monday. Sales year-over-year fell 16.7%."  CNN Money, July 26, 2010.


Source:  St. Louis Fed/FRED.


Hoven's Index for July 29, 2010

Month of fewest new home sales (seasonally adjusted annual rate) since 1962 and prior to May 2010:  September 1981

New home sales that month (Sept. 1981):  338,000

In May 2010:  267,000

In June 2010:  330,000

Source:  St. Louis Fed/FRED.


Graph of the Day Archive.

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