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 economic releases as compiled by Bloomberg News.
  • New Home Sales 615k; range 575k to 646k (68 estimates)
  • New Homes 0.8% m/m; range -5.7% to 5.9% (68 estimates)
    • "While demand has remained solid, limited housing supply has been holding back a more robust jump in sales as of late. However, inventory became less scarce in the last two months as new home completions increased in May and June": Bloomberg Intelligence
  • In May, new home sales rose for the fourth time in five months; the median sales price increased to a record $345,800
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@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 Kristy Scheuble

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Source: BFW (Bloomberg First Word)

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