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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 came in as expected in July at 56, a 1pt improvement from June for a fresh high since Jun’22 as the housing market continues to improve from an index low of 31 in Dec’22.
- The overall index may remain off the 66 averaged through in 2019 but has clawed back above its long-term average of 48 drawn arbitrarily from 2000-19.
- Within the details, a 2pt drop in the future sales index to 60 was offset by a 1pt increase in present sales to 62 and the prospective buyer traffic index rising 3pts to 40, another solid step higher for its first Y/Y increase since Jan’22.
- The improvement continues to follow a strong recovery in S&P 500 homebuilders, which have seen price to book ratios bounce back in excess of 2 despite the continued pushing higher in mortgage rates close to cycle highs.
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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