Today’s data showed a larger-than-expected decline in June’s New Home Sales. According to analysts from Wells Fargo, the weakness in housing is getting harder to explain away. Key Quotes: “New home sales fell 5.3 percent in June to a 631,000-unit pace.” “New home inventory has been rising and June’s 5.7-month supply is well within historical norms.” “June’s softer new home sales should serve as a bit of a wakeup call. Housing simply is not going to strengthen as much as had been hoped. Higher mortgage rates and rising home prices are apparently a bigger hurdle than policymakers expected. Sales have fallen in two of the past three months.” “Both the median and average price fell in June, as the share of homes priced just below the median accounted for a larger share of overall sales.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP consolidates sterling strength within a technical bearish bias to 200- D SMA FX Street 5 years Today's data showed a larger-than-expected decline in June's New Home Sales. According to analysts from Wells Fargo, the weakness in housing is getting harder to explain away. Key Quotes: "New home sales fell 5.3 percent in June to a 631,000-unit pace." "New home inventory has been rising and June's 5.7-month supply is well within historical norms." "June's softer new home sales should serve as a bit of a wakeup call. Housing simply is not going to strengthen as much as had been hoped. Higher mortgage rates and rising home prices are apparently a bigger hurdle than policymakers expected.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
