U.S. ECO PREVIEW: New Home Sales, LEI Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Sales of new single-family homes seen at 588k annual rate in Dec. vs 592k in Nov. (forecast range 550k to 625k); new home sales account for ~10% of residential market; tabulated when contracts signed.
Alert: HALISTER1- Nov. sales pace was second-fastest since 2008; expected Dec. decline could be first indication higher mortgage rates restraining demand: Bloomberg Intelligence
- Index of leading economic indicators seen rising 0.5% in Dec. after showing no change in Nov. (forecast range 0% to 0.8%); LEI measures economic outlook for next 3 to 6 mos.
Source: BFW (Bloomberg First Word)
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UUID: 7947283