1/28: MetroIntelligence Economic Update by P. DUFFY

December new home sales slip 0.4 percent from December, but up 23.0 percent year-on-year

Sales of new single‐family houses in December 2019 were at a seasonally adjusted annual rate of 694,000.  This is 0.4 percent below the revised November rate of 697,000, but is 23.0 percent above the December 2018 estimate of 564,000.



December pending new home sales index fell 2.5 percent from November, but up 12.5 percent year-on-year

A December index for pending new home sales fell 2.5 percent from November to 117.5.  However, the index was up 12.5 percent year-on-year and up 2.5 percent from the same period of 2017.



January economic output index rises at fastest pace since last March to 53.1

The IHS Markit Flash U.S. Composite PMI Output Index posted 53.1 in January, up from 52.7 in December, to indicate the quickest rise in output since last March.