The Census Bureau's New Residential Construction report shows new home sales at a seasonally adjusted annualized rate or 673,000.

New Home Sales by Region

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New home sales are down in everywhere but the tiny North-East region. However, sales are up year-over-year except for the North-East.

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Lower interest rates have helped housing.

Yet, sales are about at 1963 level of 663,000.

Mike "Mish" Shedlock

New Home Sales Bounce 7% in June from Hugely Negative Revisions

New home sales rose 7% but the total fell far short of expectations because of revisions.

June New Home Sales Decline 5.3 Percent from Huge Revision Lower in May

Economists missed the mark badly on new home sales estimates. And over half of last month's surge was revised away.

New Home Sales Down 7.8%: Six Reasons Sales Can't Break Out

The consensus estimate on new home sales missed the mark badly but there were positive revisions in two prior months.

December New Home Sales Jump 3.7% From Huge Negative Revisions

New home sales rose a seemingly solid 3.7% to 621K but the reason is suspect: Strong negative revisions in Oct and Nov.

Existing Home Sales Unexpectedly Decline

Existing homes sales fell 0.4% in April. The Consensus expected a rise.

New Home Sales Down 6.9% From Upwardly Revised December: Expect More Revisions

Six days ado the Census Department reported on December sales. Today we have January sales. It's been a wild ride.

New Home Sales Dive 8.9% in October, Down 12.0% From Year Ago

Upward revisions in Aug and Sep were not enough to offset a plunge in new home sales below any economist's forecast.

April New Home Sales Slide 1.5%, March Revised Sharply Lower

Economists expected a pullback in April sales. But it was bigger than expected on top of a huge March downward revision.

Existing Home Sales Decline Fourth Month

Economists missed the boat again this month expecting a small rebound in existing home sales. Instead, sales fell 0.7%.