NEW HOME SALES BEAT EXPECTATIONS AT 343K (Analysts expected 335K)

By Eric Platt | Business Insider – Wed 23 May, 2012 7:30 PM IST

UPDATE:

New home sales increased at a faster rate than expected in April, gaining 3.3 percent to annualized rate of 343,000.

Click here for updates >

Economists had forecast sales would improve at slightly slower pace of 2.1 percent.

Technical issues at the U.S. Census have delayed the full new home sales report from hitting the market.

ORIGINAL:

Minutes away from the key data point of the day: New Home Sales.

Projections are for sales to increase 2.1 percent in April to an annualized pace of 335,000 units. 

That would reverse March's 7.1 percent decline to a 328,000 unit pace. 




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