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.

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Dale Franks
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