Weekly Economic Update: July 22-26, 2013

Jul 29 2013

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Existing home sales fell 1.2% in June to a lower-than-expected annual pace of 5.08 million units. New home sales were up to a higher-than-expected annual pace of 497,000 units in June. Durable orders increased a stronger-than-expected 4.2% in June. Initial jobless claims rose 7,000 to 343,000 for the week ended 7/20.

• Existing home sales fell 1.2% in June to a lower-than-expected annual pace of 5.08 million units. Sales were up 15.2% over the year. The median home price was up 5.5% to $214,200.

• New home sales were up to a higher-than-expected annual pace of 497,000 units in June. The median home price was down 5.0% to $249,700.

• Durable orders increased a stronger-than-expected 4.2% in June. Excluding transportation, durable orders were unchanged over the month.

• Initial jobless claims rose 7,000 to a level of 343,000 for the week ended July 20th.

 

 

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