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US New-Home Sales Unexpectedly Rise to a More Than One-Year High
US new-home sales unexpectedly rose last month to the highest level since March 2022 and prices declined, indicating builders continue to benefit from limited inventory in the resale market. Purchases of new single-family homes increased 4.1% to an annualized 683,000 pace last month from a downwardly revised 656,000 rate in March, government data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a 665,000 reading. The median sales price of a new home dropped 8.2% from a year earlier to $420,800, marking the biggest decline since April 2020 and reflecting more purchases of cheaper ... (full story)
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From @financialjuice|May 23, 2023post at 1:50pm: ECB’S NAGEL: SEVERAL INTEREST-RATE HIKES ARE STILL NEEDED. post at 1:50pm: ECB'S NAGEL: ECB RATES ARE TO STAY RESTRICTIVE FOR A SUFFICIENTLY LONG TIME.
From forex.com|May 23, 2023The Canadian Dollar is trading just below the yearly-open with USD/CAD continuing to contract within a massive multi-month consolidation pattern. Battle lines are drawn as we look ...
From bnnbloomberg.ca|May 23, 2023Traders are more bearish than ever on the Turkish lira on expectations that market forces will eventually overwhelm government exchange controls. Traders are already testing ...
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From @FirstSquawk|May 23, 2023post at 2:22pm: REPUBLICAN LAWMAKER MCHENRY ON DEBT CEILING NEGOTIATIONS: “WE STILL HAVE SIGNIFICANT DIFFERENCES ON SPENDING” post at 2:25pm: McHenry Can’t Say When Negotiations Will Resume
From fitchratings.com|May 23, 2023|1 commentWith consumer sentiment and confidence weakened by inflation, tighter lending standards driven by regional bank stress are expected to contribute to a consumer spending slowdown, ...
From think.ing.com|May 23, 2023The composite PMI fell from 54.1 to 53.3 in May, which is the first decline since October last year. The divergence between services and manufacturing is growing, with services ...
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- Posted: May 23, 2023 2:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,563
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