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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 weaker than expected in October at a seasonally adjusted 679k annualized (cons 723k). However, it only takes it back close to levels seen in August as volatility remains, and with sales broadly flatlining between 660-730k since April.
- The latest monthly change was broadly in keeping with consensus (falling -5.6% vs -5.1%), with the miss driven by some of last month’s notable strength being revised away (8.6% vs initial 12.3%) along with some downward revisions to July and August.
- The regional breakdown offers no clear trends, with latest M/M rates ranging between -23% M/M and +13% M/M.
- Despite the trend flatlining in new home sales, they paint a notably different picture to existing home sales, with new home sales at pre-pandemic levels vs new home sales almost 30% lower.
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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