New home sales

New home sales fell 6.9% in April to a 673,000 (SAAR). Upward revisions added 39,000 sales to the prior two months.

The Census Bureau's New Residential Construction report shows new home sales at a seasonally adjusted annualized rate or 673,000.

New Home Sales by Region

New Home Sales by Region
New home sales are down in everywhere but the tiny North-East region. However, sales are up year-over-year except for the North-East.

Lower interest rates have helped housing.

Yet, sales are about at 1963 level of 663,000.

This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.

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