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 610k; range 585k to 644k (72 estimates)
  • New Homes 0% m/m; range -4.1% to 5.6% (72 estimates)
    • “While the supply side has been the major issue limiting the pace of home sales, the latest Census data indicate that demand could also slow in the next few quarters as household formation slowed to the lowest pace in seven years as of June”: Bloomberg Intelligence
    • In June, new home sales rose 0.8 percent to 610,000 at an annual rate; the median price dropped to $310,800
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@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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