U.S. ECO PREVIEW: Existing Home Sales Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News.
- Existing Homes 5.55m; range 5.42m to 5.73m (71 estimates)
- Existing Homes -0.36% m/m; range -2.69% to 2.87% (71 estimates)
- "Longer-term prospects for housing could be compromised if the Fed pursues an aggressive tightening approach, such as the one outlined by the FOMC at its June meeting. Economic growth remains fully dependent on consumers; rapidly rising rates could hurt interest-rate sensitive sectors such as housing": Bloomberg Intelligence
- In April, existing home sales declined 2.3 percent from a month earlier to 5.57 million at an annual rate; the inventory of available properties registered the 23rd consecutive year-over-year decline
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283