Free Trial
SILVER TECHS

Testing Resistance At The 50-Day EMA

USD

In the red across the majors

WTI TECHS

(J3) Key Medium-Term Support Cleared

GOLD TECHS

Key Resistance Remains Exposed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

New Home Sales Continue Broad Stabilisation

US DATA
  • New home sales were modestly stronger than expected in December after taking into account a solid downward revision to Nov, rising from 602k to 616k (cons 612k).
  • The revisions leave new home sales having surprisingly increased over the past three months, 8.7% in Oct, 0.7% in Nov and 2.3% Dec.
  • They clearly remain depressed but continue to show surprising resilience of late compared to the continued push lower in the much larger existing sales category.
  • Relative to 2019, building permits are beginning to close the gap on new sales but they have notably different trends with sales broadly stabilising but permits shifting lower.

102 words

To read the full story

Why Subscribe to

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.
  • New home sales were modestly stronger than expected in December after taking into account a solid downward revision to Nov, rising from 602k to 616k (cons 612k).
  • The revisions leave new home sales having surprisingly increased over the past three months, 8.7% in Oct, 0.7% in Nov and 2.3% Dec.
  • They clearly remain depressed but continue to show surprising resilience of late compared to the continued push lower in the much larger existing sales category.
  • Relative to 2019, building permits are beginning to close the gap on new sales but they have notably different trends with sales broadly stabilising but permits shifting lower.