Weekly Economic Update: May 19-23, 2014

May 27 2014

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Existing home sales increased 1.3% to a 4.65 million annual rate in April. New home sales increased 6.4% for April to a 433,000 annual rate. Initial jobless claims rose 28,000 to 326,000 for the week ended 5/17.

• Existing home sales increased 1.3% to a 4.65 million annual rate in April. Over the year, sales are down 6.8%. The median price is up 2.5% to $201,700 for a year-over-year increase of 5.2%.

• New home sales increased 6.4% for April to a 433,000 annual rate. Over the year, sales are down 4.2%. The median price is down 2.1% to $275,800 for a year-over-year minus 1.3%.

• Initial jobless claims rose 28,000 to 326,000 for the week ended May 17th.

 

 

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