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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
- Pending home sales were stronger than expected in July, rising 0.9% M/M (cons -1.0%) after a minimally revised 0.4% (initial 0.3%).
- The increase was led by the Wet (+6.2%) and less so South (+2.0%) whilst Northeast and Midwest sales declined. Note from the press release: “Interestingly, the West region experienced a meaningful price decline in the past year and buyers are quickly returning as a result".
- Overall sales do little to change the trend of existing home sales seeing a meaningfully softer trend to that of new home sale, the latter seeing greater supply relative to available stock.
- Pending sales are more than 25% below their 2019 average vs new home sales back above the pre-pandemic average.
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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