New Home Sales at an annual rate of 544,000

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Wednesday, Jan 27 2016

Following existing home sales post-regs change spike, new home sales (after 9 months of missed expectations) soared 10.8% in December to a seasonally-adjusted annualized rate of 544k (smashing expectations of just 500k).

This is 1k short of the February 545k highs going back to Feb 2008. Median home prices dropped however (a good thing for affordability but not so much for The Fed's wealth illusion machine) to the lowest since May.

Euro is currently being traded few points above 1.0870 level, Sterling is around 1.423 handle, while Aussie is around 0.7040 area. Later today, in the US session, FOMC interest rate decision and the following statement are scheduled for a release.

More in this category: « UK house prices increased by 0.3% Fed leaves interest rates unchanged »

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