Today’s data showed that new home sales in August rose 3.5% to 629K. Analysts at Wells Fargo, point out that while August marks an improvement, sales over the past three months were also revised lower. Key Quotes: “New home sales rose 3.5% during August, however the gain comes with a net revision of 40,000 fewer sales over the prior three months. While sales are up 6.9% year-to-date, higher mortgage rates have slowed home buying this summer.” “The median home price rose 1.9% over the past year to $320,000.” “Solid job and income growth should keep sales trending higher. Deteriorating affordability and continuing worker and lot shortages make an upside breakout this year unlikely.” 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/USD: all about the FOMC, for now, then what about other considerations? FX Street 4 years Today's data showed that new home sales in August rose 3.5% to 629K. Analysts at Wells Fargo, point out that while August marks an improvement, sales over the past three months were also revised lower. Key Quotes: "New home sales rose 3.5% during August, however the gain comes with a net revision of 40,000 fewer sales over the prior three months. While sales are up 6.9% year-to-date, higher mortgage rates have slowed home buying this summer." "The median home price rose 1.9% over the past year to $320,000." "Solid job and income growth should keep sales trending higher.… 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.
