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

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

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • New Home Sales 564k; range 543k to 600k (70 estimates)
    • "Despite the recent modest pickup in supply, the level of inventories remains extremely low by historical standards, which should limit any significant acceleration in new home sales": Bloomberg Intelligence
    • New home sales account for about 10 percent of the residential property market; data tabulated when contracts are signed

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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