Inquiring minds may be interested in seeing how new home sales are reported and revised over time.

Let’s take a look at every month this year to spot the trends.

New Home Sales in Thousands SAAR as Reported and Revised Jan-May 2016
Month As Reported in January As Reported in February As Reported in March As Reported in April As Reported in May April-May Revision
January 496 502 521 526 526 0
February 512 519 538 525 -13
March 511 531 522 -9
April 619 586 -33
May 551

The above table produced from Census Bureau Historical Data following a ping from reader Tony to look at all the revisions, not just April to May revisions.

SAAR means Seasonally Adjusted Annualized rate.

Revision Synopsis

  • January was revised higher in February, March and April. As reported on June 23, January new home sales were finally correct. Hooray!
  • February was revised higher in March and April, but lower in May.
  • March was revised higher in April and lower in May.
  • April was revised lower in May.
  • May is nearly certain to be revised next month. History suggests March, April, and possibly February revisions coming up.

For discussion of new home sales for May, please see New Home Sales Decline 6%, Median Price Down 9.3%, Builders Offer Concessions.

Mike “Mish” Shedlock