TABLE-U.S. March single-family home sales rose 26.9 pct

April 23 (BestGrowthStock) – U.S. Commerce Department reported sales of new single-family homes, seasonally adjusted, with percent changes from prior month (numbers in 1,000s).

Pct Mar Feb (Prev) Jan (Prev) Mar09
Total Units 26.9 411 324 308 338 315 332
By Region: Pct Mar Feb (Prev) Jan (Prev)
Northeast 35.7 38 28 28 41 35
Midwest 4.3 49 47 41 54 50
South 43.5 231 161 146 168 153
West 5.7 93 88 93 75 77

Total sales of new single-family homes rose 23.8 percent from March 2009.

In 1,000s: Mar Feb (Prev) Jan (Prev)
Actual Units Sold 38 25 24 23 22
Sales Prices:
Mean 258.6 290.9 282.6 280.9 269.0
Median 214.0 221.6 220.5 215.8 207.9
Note-Actual number of new single-family units sold is not seasonally adjusted.

Monthly percent changes of total sales, seasonally adjusted, from prior months as follows:

Feb (Prev) Jan (Prev) Dec (Prev)
Total Units -4.1 -2.2 -4.2 -8.7 -2.5 -4.7
Number of Months: Mar Feb (Prev) Jan (Prev)
Supply of Homes 6.7 8.6 9.2 8.2 8.9
1,000 units: Mar Feb (Prev) Jan (Prev)
End-Month Inventory 228 233 236 232 233

FORECAST:

Reuters survey of economists forecast:

U.S. March single-family home sales 330,000 units

Investing Basics

TABLE-U.S. March single-family home sales rose 26.9 pct