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

US DATA
US DATA: March New Home Sales Preview - 10:00 EDT/15:00 BST
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- New home sales are expected to decline to a 650k SAAR based on the Bloomberg
consensus and at a 648k rate based on an MNI survey of analysts. This follows a
solid increase in February to 667k.
- The forecasted values would keep sales below their year-ago level, as new
sales are impacted by the same offsetting factors as existing home sales--low
mortgage rates that are supporting activity offset by changes in the tax laws
regarding mortgage interest and concerns about an economic slowdown.

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