HALISTER1: U.S. ECO PREVIEW: Existing Home Sales Report Due in 5 Minutes

U.S. ECO PREVIEW: Existing Home Sales Report Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Existing Homes 5.6m; range 5.4m to 5.8m (69 estimates)
  • Existing Homes 2.19% m/m; range -1.46% to 5.84% (69 estimates)
    • The prior report showed existing home sales declined in February after rising a month earlier to the highest in a decade while the inventory of available properties registered the 21st consecutive year-over-year decline
    • Recent data on contract signings point to a rebound in March and April contract closings though unseasonably cold weather could be a hindrance heading into the second quarter: Bloomberg Intelligence

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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