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Policy
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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.
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Free AccessMarch new home sales +4.5% to 692k SAAR,....>
US DATA: March new home sales +4.5% to 692k SAAR, well above the 648k
rate expected by MNI and the 650k Bloomberg consensus.
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- Feb sales rev down to 662k and Jan sales rev down to 625k.
- The supply of new homes for sale -0.3% to 344k, the lowest level since
Nov 2018 (334k), but +15.8% y/y.
- The months supply on market fell to 6.0 months from 6.3 in Feb, and
rose from 5.3 months a year ago.
- The median new home sales price -4.0% to $302,700, the lowest since
Feb 2017 ($298,000), and -9.7% y/y.
- Sales were down in the Northeast (-22.2%), but up in the Midwest
(+17.6%), the South (+3.6%), and the West (+6.7%).
- After revisions, the Q1 average sales rate of 660k stands well above
the 575k average for Q4.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.