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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
- The NAHB housing market index was weaker than expected in October as it fell to 40 (cons 44) from a downward revised 44 (initial 45).
- Declines were concentrated in the West (-7) and South (-5) whilst the Midwest (-1) and Northeast (-1) were little affected.
- The decline in the national figure was broad-based by component, with future sales -5pts to 44, present sales -4pts to 46 and prospective buyers -4pts to 26. In all cases these are the lowest since Jan’23.
- The prior slide in homebuilder price to book ratios has again led this relative decline – see chart.
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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