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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
- Existing home sales were as close to expected as you can get in May, dipping to 4.11m (cons 4.10m) after an unrevised 4.14m.
- It meant sales were -0.7% M/M (cons -1.0%), a third consecutive monthly decline for a 6.2% drop since jumping 9.5% back in February.
- Unusually, sales were flat in three of the main four regions, with only the south (largest region) falling another -1.6% M/M.
- Months of supply meanwhile continued their recent trend of pushing higher in the post-pandemic period. The 3.7mths compares with 3.1 in May’23 and 2.6 in May’22, nearer but still below the 4.2 averaged in May of 2017-19.
- Median price growth continued to accelerate in Y/Y terms despite this increase in relative supply, and at 5.8% Y/Y marked its fastest since Oct’22.
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.
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