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 fell by more than expected in August, down -8.7% M/M (cons -2.2) but with some of the impact offset by a stronger than first thought 8.0% in July (initial 4.4%).
- Sales still came in softer on net though, at an annualized 675k vs consensus of 698k.
- Sales by region ranged from +6.7% to -17% M/M, but didn’t see anywhere near the same level of volatility as in July.
- Despite the latest decline, new home sales continue to paint a markedly more resilient picture to that of existing home sales which are more than 25% below pre-pandemic levels – see first chart.
- Relative supply loosened, with months of supply rising to 7.8 from a downward revised 7.0 (initial 7.3), continuing to come in above the levels seen at this time of year in pre-pandemic periods.
- The new home market continues to see higher levels of relatively supply than in the existing market.
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