Analysts at Nomura point out that the US new home sales declined 5.3% m-o-m in June to an annualized pace of 631k, below expectations (Nomura: -3.0% to 668k, Consensus: -3.1% to 668k). Key Quotes “In addition, new home sales for May were revised lower (+3.9% from +6.7% previously). The softness in the report was driven by declines in the South and West regions.” “New home supply at the current sales pace increased to 5.7 months in June, up from 5.3 in May, but the increase was largely attributable to the lower sales pace.” “Altogether, the weakness in the June numbers, coupled with negative revisions, indicate slightly less residential investment during Q2 than previously assumed.” “GDP tracking update: Downward revisions to new home sales in prior months indicate slightly less residential investment in Q2 than we had assumed. In addition, new home sales in June declined somewhat more than we had anticipated. Taken altogether, we lowered our Q2 GDP tracking estimate 0.1pp to 4.5% q-o-q saar.” 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 US: New round of trade negotiations with Eurozone – Danske Bank FX Street 5 years Analysts at Nomura point out that the US new home sales declined 5.3% m-o-m in June to an annualized pace of 631k, below expectations (Nomura: -3.0% to 668k, Consensus: -3.1% to 668k). Key Quotes "In addition, new home sales for May were revised lower (+3.9% from +6.7% previously). The softness in the report was driven by declines in the South and West regions." "New home supply at the current sales pace increased to 5.7 months in June, up from 5.3 in May, but the increase was largely attributable to the lower sales pace." "Altogether, the weakness in the June numbers,… 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.
