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

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

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Existing Homes 5.55m; range 5.4m to 5.66m (72 estimates)
  • Existing Homes 0.54% m/m; range -2.17% to 2.54% (72 estimates)
    • “Home resales should recover in July after June’s decline. Much of June’s weakness could be attributed to sales to investors, which were the lowest of the year”: Bloomberg Intelligence
    • In June, home re-sales dropped to the lowest since February; the inventory of homes for sale registered the 25th consecutive year-on-year decline
To contact the reporters on this story: Kristy Scheuble in Washington at kmckeaney@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 Marco Babic

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Source: BFW (Bloomberg First Word)

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