New U.S. home sales surge in May with buyers returning to market

New U.S. home sales surge in May with buyers returning to market

From bnnbloomberg.ca

New-home sales in the U.S. rose more than expected in May, with record-low mortgage rates pulling buyers back into a housing market that froze up during the pandemic. Purchases of single-family houses climbed 16.6 per cent, the second-largest monthly advance since 1992, to a 676,000 annualized pace, government data showed Tuesday. The median forecast in a Bloomberg survey of economists was 640,000. image Homebuilders are welcoming back buyers after social-distancing rules across much of the U.S. kept them on the sidelines in March and April. Newly built properties are gaining favor because previously owned houses ... (full story)

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Post #1
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Jun 23, 2020 4:35pm Jun 23, 2020 4:35pm

seaman2
| Joined Feb 2013 | Status: Member | 615 Comments

all good news, unfortunately, are made up

Post #2
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Jun 23, 2020 9:43pm Jun 23, 2020 9:43pm

hosemaster
| Joined Sep 2012 | Status: Member | 95 Comments

Quoting seaman2

Disliked

all good news, unfortunately, are made up

Ignored

Evidence?

Post #3
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Jun 27, 2020 3:09am Jun 27, 2020 3:09am

seaman2
| Joined Feb 2013 | Status: Member | 615 Comments

Quoting hosemaster

Disliked

{quote} Evidence?

Ignored

'evidence' in this article - reported numbers have lost any credibility. These people make up any number they are told to.

For evidence of false numbers, look for example employment numbers.

So basically, no point looking. Except if one is so stupid and trading on minute or lower time frames.

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Story Stats

Posted: Jun 23, 2020 1:30pm
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 3 / Views: 2,425
Linked event:
USD New Home Sales