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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
- New home sales were stronger than expected in July at 714k (cons 704k), with a 4.4% increase (cons 1.0%) after a marginally downward revised -2.8% in June (initial -2.5%).
- A wild breakdown by major region makes it hard to get a sense of the underlying trend, ranging from +47% for the relatively small midwest to -6% for the south, by far the largest.
- New home sales are back at pre-pandemic levels continues to contrast heavily with existing home sales continuing to decline at more than 20% below pre-pandemic levels. It comes with continued high supply of new builds, with new homes as a share of all homes on the market continuing to sit at very high relative levels.
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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