Analysts at Nomura are forecasting a 0.5% m-o-m increase in US new home sales to 665k saar in May, from 662k in April. Key Quotes “While newly built single-family home sales have been recovering steadily, driven by solid consumer demand, rising mortgage costs remain a concern. The prospect of rising rates could compel consumers on the fence to participate in the market now to avoid higher mortgage rates later, but recent rate increases have made it more difficult for first-time home buyers to enter the market. In addition, the ongoing shortage of existing homes on the market and worsening existing home affordability could see more consumers turn to newly built houses.” 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 USD/JPY bounces off lows, back above mid-109.00s FX Street 3 years Analysts at Nomura are forecasting a 0.5% m-o-m increase in US new home sales to 665k saar in May, from 662k in April. Key Quotes "While newly built single-family home sales have been recovering steadily, driven by solid consumer demand, rising mortgage costs remain a concern. The prospect of rising rates could compel consumers on the fence to participate in the market now to avoid higher mortgage rates later, but recent rate increases have made it more difficult for first-time home buyers to enter the market. In addition, the ongoing shortage of existing homes on the market and worsening existing… Top 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.
