In the US session New Home Sales figures. Purchases of new homes in the U.S. unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014. Total sales decreased 1.5% to a 511,000 annualized pace, a Commerce Department report showed Monday. The median forecast in a Bloomberg survey was for a gain to 520,000. In western states, demand slumped 23.6%. Purchases rose in two regions last month, indicating uneven demand at the start of the busiest time of the year for builders and real-estate agents. While new construction has been showing limited upside, cheap borrowing costs and solid hiring will help ensure residential real estate continues to expand.
There will be no data releases from Australia on Tuesday. In the US session Durable Goods Orders and CB Consumer Confidence figures will be published. Analysts are predicting increase by 1.9% in Durable Goods Orders, while Consumer Confidence should decline to 95.8.
Figures to watch:
Durable Goods Orders (Tuesday 14:30)
CB Consumer Confidence (Tuesday 16:00)
Last modified on Monday, 25 April 2016
