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Revision as of 20:04, 27 June 2023

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== Developments ==
== Developments ==
{| class="wikitable"
!
! colspan="3" |New Home Sales
! colspan="3" |Existing Home  Sales
|-
!Release Date
!Actual
!Forecast
!M/M Change<ref>https://www.investing.com/economic-calendar/new-home-sales-896</ref>
!Actual
!Forecast
!M/M Change<ref>https://www.investing.com/economic-calendar/existing-home-sales-891</ref>
|-
|May-23
|763K
|675K
|12.20%
|4.30M
|4.25M
|0.20%
|-
|Apr-23
|683K
|663K
|4.10%
|4.28M
|4.30M
| -3.40%
|-
|Mar-23
|683K
|630K
|9.60%
|4.44M
|4.50M
| -2.40%
|-
|Feb-23
|640K
|650K
|1.10%
|4.58M
|4.19M
|14.50%
|-
|Jan-23
|670K
|620K
|7.20%
|4.00M
|4.10M
| -0.70%
|-
|Dec-22
|616K
|617K
|2.30%
|4.02M
|3.96M
| -1.50%
|-
|Nov-22
|640K
|600K
|5.80%
|4.09M
|4.20M
| -7.70%
|-
|Oct-22
|632K
|570K
|7.50%
|4.43M
|4.38M
| -5.90%
|-
|Sep-22
|603K
|585K
| -10.90%
|4.71M
|4.70M
| -1.50%
|-
|Aug-22
|685K
|500K
|28.80%
|4.80M
|4.70M
| -0.40%
|-
|Jul-22
|511K
|575K
| -12.60%
|4.81M
|4.89M
| -5.90%
|-
|Jun-22
|590K
|660K
| -8.10%
|5.12M
|5.38M
| -5.40%
|-
|May-22
|696K
|588K
|10.70%
|5.41M
|5.39M
| -3.40%
|-
|Apr-22
|591K
|750K
| -16.60%
|5.61M
|5.65M
| -2.40%
|-
|Mar-22
|763K
|765K
| -8.60%
|5.77M
|5.80M
| -2.70%
|-
|Feb-22
|772K
|810K
| -2.00%
|6.02M
|6.10M
| -7.20%
|-
|Jan-22
|801K
|806K
| -4.50%
|6.50M
|6.10M
|6.70%
|}


=== '''February 2023''' ===
=== '''February 2023''' ===
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==== New ====
==== New ====


* Sales of new single-family houses in the US unexpectedly jumped 9.3% month-over-month to a seasonally adjusted annualised rate of 683K in March of 2023, the highest in a year, and beating forecasts of 630K. <ref>https://tradingeconomics.com/united-states/new-home-sales</ref>
* Sales of new single-family houses in the US unexpectedly jumped 9.3% month-over-month to a seasonally adjusted annualised rate of 683K in March of 2023, the highest in a year, and beating forecasts of 630K. <ref name=":0">https://tradingeconomics.com/united-states/new-home-sales</ref>
* The median price of new houses sold was $449,800 while the average sales price was $562,400, compared to $435,900 and $511,800 respectively a year ago.  
* The median price of new houses sold was $449,800 while the average sales price was $562,400, compared to $435,900 and $511,800 respectively a year ago.  
* There were 432K houses left to sell, the lowest since April of 2022, corresponding to 7.6 months of supply at the current sales rate
* There were 432K houses left to sell, the lowest since April of 2022, corresponding to 7.6 months of supply at the current sales rate
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==== Existing ====
==== Existing ====


* Existing home sales dropped 2.4% mom to a seasonally adjusted annual rate of 4.44 million in March of 2023, compared to market forecasts of 4.5 million. <ref>https://tradingeconomics.com/united-states/existing-home-sales</ref>
* Existing home sales dropped 2.4% mom to a seasonally adjusted annual rate of 4.44 million in March of 2023, compared to market forecasts of 4.5 million. <ref name=":1">https://tradingeconomics.com/united-states/existing-home-sales</ref>
* Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago
* Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago
* The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022.
* The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022.
* Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth.<ref>https://tradingeconomics.com/united-states/pending-home-sales-mom</ref>
* Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth.<ref>https://tradingeconomics.com/united-states/pending-home-sales-mom</ref>
=== April 2023 ===
=== May 2023 ===
==== New ====
* Sales of new single-family houses in the US jumped 12.2% month-over-month to a seasonally adjusted annualised rate of 763K in May of 2023, the highest level since February last year, and compared to forecasts of 675K.
* The median price of new houses sold was $416,300 while the average sales price was $487,300, compared to $450,700 and $521,500 respectively a year ago.
* There were 428K houses left to sell, corresponding to 6.7 months of supply at the current sales rate.<ref name=":0" />
==== Existing ====
* Existing home sales in the US, edged 2.3% higher from the previous month to a seasonally adjusted annual rate of 4.3 million in May of 2023, surpassing market estimates of 4.25 million.<ref name=":1" />
* Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales.
* The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100.


== References ==
== References ==
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