From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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New single-family home sales rose for December, US reports
HOUSTON, March 6, 2019 (PCW) -- Sales of new single family houses in December 2018 rose to a seasonally adjusted annual rate of 621,000, according to estimates released jointly by the US Census Bureau and the US Department of Housing and Urban Development. This is 3.7% above the revised November rate of 599,000, but is 2.4% below the December 2017 estimate of 636,000. An estimated 622,000 new homes were sold in 2018. This is 1.5% above the 2017 figure of 613,000.
The median sales price of new houses sold in December 2018 was $318,600. The average sales price was $377,000.
The seasonally adjusted estimate of new houses for sale at the end of Decembeer was 344,000. This represents a supply of 6.6 months at the current sales rate. -- Donna Todd