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

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

(Bloomberg) -- Sales of new single-family homes seen at 590k annual rate in Oct. vs 593k in Sept. (forecast range 550k to 616k); new home sales account for ~10% of residential market; tabulated when contracts signed.
  • Oct. could be constrained by lack of inventory; number of homes for sale well below average for past several decades: Bloomberg Intelligence
  • University of Michigan consumer sentiment index seen at 91.6 in final Nov. report, same as preliminary (forecast range 88.3 to 95); based on random sample of households
  • Oct. index was 87.2
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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8810Z US (University of Michigan)

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