Prior month revised to 599K vs 657K estimate
- The US new home sales for December came in at 621K vs 600K estimate.
- That was stronger than the 599K in November, revised from the 657K (which was a bit of a shock when it was released).
- The gain was 3.7% vs -8.7% expected. Of course it is hard to predict % changes when you get a huge revision.
- 3 month average 589.6K vs 589.6K last month.
- Mean price $377K vs $357K last month. That is still down -6.4% from last year (-$25.9K)
- Median sales price $318.6 vs $303.5K last month. That is down -7.2% from a year ago (-$24.7K).
- Month's supply is 6.6 months. That is down from 6.7 months last month
