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15:00 Dados States
10:00am 02/26/04 U.S. JAN. NEW HOME INVENTORY 370,000, 8-YEAR HIGH
10:00am 02/26/04 U.S. DEC. NEW HOME SALES REVISED TO 1.13M VS. 1.11M
10:00am 02/26/04 U.S. JAN. NEW HOME SALES AHEAD OF 1.06M EXPECTED
10:00am 02/26/04 U.S. JAN. NEW HOME SALES PACE SLOWEST SINCE MAY
U.S. Jan. new home sales slip to 1.11 million pace
WASHINGTON (CBS.MW) - Sales of new U.S. homes dropped about 2 percent in January to a seasonally adjusted annual rate of 1.11 million, the slowest pace since May, the Commerce Department estimated Thursday.
The number of new homes on the market rose about 1 percent to 370,000, the highest in eight years.
The inventory represents about 4.1 months' worth of sales, up from 4 months in January and the highest since April.
December's sales pace was revised higher to 1.13 million from 1.06 million. Economists were expecting steady sales of about 1.06 million in January.
The median sales price was up about 8 percent since January 2002 to $197,000.
The average sales price was up 12 percent to $258,600.
10:00am 02/26/04 U.S. DEC. NEW HOME SALES REVISED TO 1.13M VS. 1.11M
10:00am 02/26/04 U.S. JAN. NEW HOME SALES AHEAD OF 1.06M EXPECTED
10:00am 02/26/04 U.S. JAN. NEW HOME SALES PACE SLOWEST SINCE MAY
U.S. Jan. new home sales slip to 1.11 million pace
WASHINGTON (CBS.MW) - Sales of new U.S. homes dropped about 2 percent in January to a seasonally adjusted annual rate of 1.11 million, the slowest pace since May, the Commerce Department estimated Thursday.
The number of new homes on the market rose about 1 percent to 370,000, the highest in eight years.
The inventory represents about 4.1 months' worth of sales, up from 4 months in January and the highest since April.
December's sales pace was revised higher to 1.13 million from 1.06 million. Economists were expecting steady sales of about 1.06 million in January.
The median sales price was up about 8 percent since January 2002 to $197,000.
The average sales price was up 12 percent to $258,600.
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