The Conference Board’s measure of U.S. consumer confidence surged by 15.1 points to 56.0 points in November, which was its highest reading since July. Market expectations had been for a much smaller increase to 44. The jump in November comes after the measure fell 5.5 points to reach a two-year Read More US Consumer Confidence [...]
Existing home sales in the US jumped 7.7% in August to a six-month high of 5.03 million annualized units following the unrevised 3.5% decrease to 4.67 million in July. The increase in resale activity in August beat market expectations of a 1.7% increase in the pace of sales to an Read More US Existing Home [...]
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provid 37 Vote(s) Read More USD JPY Trading the Existing Home Sales Release
The Conference Board’s measure of U.S. consumer confidence plunged 14.7 points to 44.5 in August following the unexpected 1.6 point increase to 59.2 seen in the previous month (initially reported as 59.5). This represents the lowest reading for the sentiment gauge since April 2009. Market expectations were for a more Read More US Consumer Confidence [...]
Existing home sales in the US unexpectedly declined for the third consecutive month, slipping 0.8% to 4.77 million annualized units in June following unrevised declines of 3.8% and 1.8% in May and April, respectively. The drop in resale activity in June was in contrast to market expectations for a 1.9% Read More US Existing Home [...]
The Conference Board’s measure of U.S. consumer confidence fell 5.2 points to 60.8 in May, more than reversing last month’s 2.2 point increase to 66.0 (initially reported as 65.4) and falling to its lowest level since last November. The decline in sentiment comes as a surprise as market expectations were Read More US Consumer Confidence [...]
U.S. existing home sales rose 5.6% in November to 4.68 million annualized units, thereby more than retracing the 2.2% drop to 4.43 million in the previous month. The increase was slightly below market expectations for sales to rise to 4.75 million in November. Home prices rose for the first time Read More US Existing Home [...]
Existing home sales increased by 5.6% in November to 4.68 million, below market expectations for a 7.1% gain. Single-family sales, which account for almost 90% of total home sales, advanced 6.7% on the month. On the other hand, condo and co-op sales recorded a 1.9% drop during November. Read More US Existing Home Sales Bounce [...]
Reserve Bank of Australia released today its minutes concerning the August meeting, where Australian policy makers at the bank decided to keep borrowing costs unchanged two weeks ago for the third consecutive month, judging the nation’s economic expansion is not stoking inflation along with amid doubts about the global recovery. Read More RBA Comfortable With [...]
Existing home sales in the US dropped 2.2% in May to 5.66 million annualized units from the previous month’s 5.79 million (revised from 5.77 million). Market expectations had been for a strong increase to 6.12 million annualized units. Home prices, however, increased, with the median price climbing 2.7% relative to May 2009. Read More US [...]
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