empty
 
 

2014.04.1711:05:00UTC+00Us Home Sales Likely to Get Worse Before They Get Better

Quotes from Capital Economics:

- March's existing home sales (10.00 EST Tue. 22nd Apr) were probably still affected by the earlier severe weather, but the timelier new home sales measure should have picked up.

- Existing home sales are measured at the contract closing stage, meaning that they reflect signings from a month or two earlier. The upshot is that March's numbers are still likely to show a degree of weather-related disruption. We've taken our lead from the pending home sales measure and have pencilled in a 2.2% m/m decline to 4.50m annualised sales.

- New home sales (10.00 ESTWed. 23rd Apr.) are a more timely measure of activity as they are measured at contract signing. The recent acceleration in jobs growth points to a recovery in new home sales, and we have pencilled in a 2.3% m/m rise to 450,000 annualised sales. 

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback