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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 far stronger than expected in March, jumping +9.6% M/M (cons -1.3).
- It follows a notably downward revised -3.9% in Feb (initial +1.1%) but that in turn followed an upward revised +4.2% in Jan (initial +1.8%), the broad upshot of which has left new home sales with a clearer upward trend in recent months off lows from Jun-Sep’22.
- The latest increase wasn't broad-based though, led by a 171% spike in the small north-east category with west sales also +30% on the month, whilst sales in the largest southern region fell -5.5%.
- The increase in new home sales has led the more recent recovery in both existing home sales and building permits, with existing home sales still almost 20% below pre-pandemic levels vs new home sales which have now closed the gap.
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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