Highlights of the July US new home sales report:
– Prior was 482K (revised to 481K)
– Sales up 5.4% vs 5.8% exp
– Prior sales fell 6.8% (revised to -7.7%)
– Supply at 5.2 months vs 5.3 prior
Solid print. In any case, the US housing sector is one of the very few spots in the US or global economy where there aren’t a lot of question marks. The and are the more important releases.
