US new home sales data report for October 2015
- Prior 0.468m. Revised to 0.447m
- Single family sales +10.7% vs 6.8% exp. Prior -11.5%. Revised to -12.9%
- Supply 5.5 months vs 5.8 prior. Revised to 6.0
- Median sale price $281,500 vs $299,400 prior y/y
- Homes for sale end-Oct 0.226m vs 0.223m prior
A minor miss on expectations but up on last month. No worries for housing here
USDJPY is maintaining the bid tone as it inches up towards 123.00. 122.94 the high so far. I get the feeling that traders don't want to overextend themselves right now, what with the US holiday tomorrow. The data hasn't been bad today and if that's the case then we could see some real buying when the yanks return Friday or Monday
US new home sales
