Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- NAHB housing market index was close to expectations in July, falling just 1pt to 42 (cons 43) for technically its lowest since December.
- Declines in present sales (from 48 to 47) and prospective buyer traffic (from 28 to 27) were partly offset by a small uplift in future sales (from 47 to 48) after a particularly weak run.
- Present sales and prospective buyer traffic are both also at their weakest since Dec.
- The regional breakdown shows another large decline in a different area. Northeast housing sentiment fell a heavy 15pts to 47. It follows the midwest seeing a 10pt decline in May and the west seeing an 11pt decline in April, neither of which have seen any recovery.
- Once again, there is a sizeable discrepancy between relative S&P 500 homebuilder price to book ratios and the housing market, with the latter far less optimistic.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok