New Home Sales for April increased by 14.8% to a 504,000 annual pace, following a 439,000 pace in March, revised from 411,000. Over the year New Home Sales are up 47.8% from 341,000 in April of 2009. The median sales price was $198,400 and the average sales price was $249,500. The estimate of new houses for sale at the end of April was 211,000, representing a supply of 5.0 months at the current sales rate.
Crude inventories are expected today at 10:30 AM EST. For the week ending May 14, U.S. commercial crude oil inventories had increased by 0.2 million barrels from the previous week to 362.7 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.2 million barrels per day during this period, 156 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 9.8 million barrels per day, up 142 thousand barrels per day from the previous week.
Upcoming Releases
New Home Sales (05/26 at 10:00 AM EST)
Crude Inventories (05/26 at 10:30 AM EST)
Initial Claims (05/27 at 8:30 AM EST)
GDP-Q1 Preliminary (05/27 at 8:30 AM EST)
Crude Inventories (05/26 at 10:30 AM EST)
Initial Claims (05/27 at 8:30 AM EST)
GDP-Q1 Preliminary (05/27 at 8:30 AM EST)
