Economic Statistics for 25 Jan 13
The following US economic statistics were announced today:
New home sales in December plunged 7.3% to an annual rate of 369k. This drop mainly reflects a huge upwards revision to November, however, making the month-to-month comparison look particularly bad. Having said that, it was still a less robust number than analysts expected. On the other hand, the report notes that the median home price is up 1.3% to $248,900, the highest in more than five years.