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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 surprisingly increased 3pts to 51 (cons 48) in March after 48 in Feb, leaving it at its highest since Jul’23.
- Present sales (+4pts) led the latest increase, followed by prospective buyer traffic (+3pts) and then prospects for future sales (+2pts).
- The regional breakdown for the overall index was mixed. The south (largest region) increased just 2pts, the Midwest increased a very strong +11pts (largest increase since coming out of shutdowns), whilst the west (-2) and northeast (-1) both declined after strong increases the prior month.
- Despite the latest aggregate increase, there remains a large disconnect with far more elevated homebuilder price-to-book ratios on a historical basis [bottom 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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