U.S. ECO PREVIEW: New Home Sales, UMich Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
Alert: HALISTER1- New Home Sales 571k; range 540k to 600k (70 estimates)
- New Homes 6.4% m/m; range 0.8% to 11.9% (70 estimates)
- Prior month’s sales pace of 536k was lowest in 10 months
- "Home sales will likely remain weak in the first half of 2017. Nevertheless, this trend will likely prove temporary, as the underlying demand for housing remains solid, and expected income growth this year will likely offset the impact of higher interest rates": Bloomberg Intelligence
- U. Mich Conf 96; range 95 to 98 (55 estimates)
- Preliminary February index retreated from 13-year high set in January
- "It appears as if some of the bloom may be coming off the rose as consumer attitudes are being swayed by the unnerving news cycle during the early weeks of the Trump administration:" BI
Source: BFW (Bloomberg First Word)
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UUID: 7947283