U.S. ECO PREVIEW: New Home Sales Due in 5 Minutes
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- New Home Sales 554k; range 535k to 590k (71 estimates)
- New Homes -1.1% m/m; range -4.5% to 5.4% (71 estimates)
- "New home sales likely rebounded in September after declining in August, partially driven down by the impact of Hurricane Harvey. In the previous two years, non-seasonally-adjusted new home sales fell in August and continued to decline in September. This year, even a small increase in unadjusted sales could lead to a rise in the reported seasonally adjusted new homes sales data": Bloomberg Intelligence
- In August, new home sales fell 3.4 percent to 560,000 at an annual rate, the second consecutive monthly decline
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net
To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble
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