Free Trial

Quicktake: New Home Sales Wednesday

US DATA
New Home Sales data really the only substantive dat release for Wednesday (+855k estimate vs. 842k prior; MoM 1.5% est). Nomura analysts said they "expect new home sales to increase 1.5% m-o-m to 855k in January following a 1.6% increase in December."
  • Warmer temperatures in January and ongoing strength in mortgage applications for purchase suggest a relatively solid increase in sales. However, increasing affordability constraints and dwindling supply will likely begin to weigh on new home sales over the near term. Winter storms that affected a large part of the US in February may weigh on sales activity in February

To read the full story

Close

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.