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April New Home Sales Preview - 10:00........>

US DATA
US DATA: April New Home Sales Preview - 10:00 EDT/15:00 BST
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- New home sales are expected to slow to a 675k SAAR in April based on the
Bloomberg consensus and decline to a 670 SAAR based on an MNI survey of
analysts. This follows a rise to 692k in March.
- Sales finally moved above their year-ago level in March and will remain ahead
of the April 2018 level if the forecast is realized.
- Home supply has been a main issue in the softer existing home sales data
recently, but new home supply has been fairly strong and has kept a lid on sales
price gains. 

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