U.S. ECO PREVIEW: Home Re-Sales, Richmond in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Existing home sales seen dropping 0.6% m/m in Oct. to 5.44m annual rate (forecast range 5.35m to 5.64m); based on closings of single-family homes, town homes, condominiums, co-ops.
Alert: HALISTER1- Would be third decline in 4 months
- For months ahead, “question is whether a boost to potential home buyer-demand from higher incomes will be sufficient to offset the impact from higher mortgage rates,” Bloomberg Intelligence
- Richmond Fed Manufacturing Index seen at 0 in Nov. vs. -4 in Oct. (forecast range -4 to 4); tracks sentiment among manufacturers in Virginia, Maryland, Carolinas, District of Columbia, most of West Virginia
Source: BFW (Bloomberg First Word)
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UUID: 7947283