Free Trial
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 lower than expected at 697k in June (cons 725k) after a downward revised 715k (initially 763k).
- The -2.5% M/M drop in June fared better than the -5% forecast, but the disappointment came as May’s initial +12.2% jump was cut to +6.6%.
- Whilst the report takes the gloss off the latest surge in new home sales, they continue to show a far stronger rebound than that seen in existing home sales, with new home sales back at pre-pandemic levels vs existing sales some 20% below – see the indexed chart below.
- There was no clear trend within the regional breakdown, with a range of +20.6% to -28.4% for the small Northeast and Midwest regions, whilst the by far largest South region saw sales increase 4.3%.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok