3:05 PM · 23 May 2024

BREAKING: US new home sales much lower than expected

US new homes sales for April came in 634 k vs 678 k exp. and 693 k previously (revised to 665 k) (-4.7% vs -2.2% exp. and 8.8% previously)

Reading shows that higher interest rates in US trim demand for new homes significantly. Despite on that market push back the timing of the first Fed rate cut to December from November, as US PMI came in much higher, than expected especially in Services.

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Economic Calendar: Wednesday brings big Q2 earnings and PPI inflation (15.07.2026)

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Morning Wrap: What’s next with the Strait of Hormuz, inflation and US interest rates? (15.07.2026)

Economic reports

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