Forex - Preview: due in Feb, date uncertain - US Dec New Home Sales


 20:33 (GMT) 05 Feb

  [Economic Data]

Sample Premium Content
Preview: due in Feb, date uncertain - US Dec New Home Sales (0101-HTBC-C01)

After a surprise bounce from a weak Oct in the delayed Nov release we expect a weak Dec new home sales figure, a fall of 16.3% to 550k which would take the level below Oct's 562k. Significantly weaker Dec data for both existing home sales and the NAHB homebuilders' index suggest downside risk. We would not be surprised to see a significant revision lower to Nov new home sales from the originally reported 657k. Oct's outcome was the lowest since Aug 2017, Nov's the highest since Mar 2018.

Preview: due in Feb, date uncertain - US Dec New Home Sales (0101-HTBC-C02)

All 4 regions should see Dec new home sales decline, though the West, the one region to decline in Nov, should see a relatively modest one. Price data should show bounces on the month, we expect by 4.0% in both the median and the average, to partially reverse sharp declines in Nov. This would still leave yr/yr data price negative, the median at -9.3% from -11.9% and the average at -6.55 from -6.7%.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now