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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 took some of the gloss off the recent recovery in existing home sales, surprisingly falling -5.2% M/M in March (cons +0.8%) after an unrevised +0.8% in Feb.
- The more forward-looking measure, it implies only a small recovery off recent lows, in contrast to the stronger bounce in new home sales which in March returned to pre-pandemic levels.
- Contract signings fell in three of the four regions with the exception being the south.
- NAR’s Yun: "The lack of housing inventory is a major constraint to rising sales," … "Multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. Limited housing supply is simply not meeting demand nationally." It should help continue to limit price declines that so far have been very modest.
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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