Free Markets, Free People
Economic Statistics for 23 May 12
The following statistics were released today on the state of the US economy:
New home sales increased 3.3 percent in April to a better-than-expected seasonally adjusted 343,000-unit annual rate.
Mortgage application for last week rose by 3.8%. Purchases fell by -3.0%, while refinance apps rose 5.6%.
The FHFA House Price Index rose 0.6% in the 1st Quarter of 2012. House prices are also up 0.5% from 1Q 2011, which make today’s result the 1st yearly increase since 2007. On a monthly basis, the HPI rose 1.8% from February.