Sales surge, dovish Fed ignite risk appetite US new home sales surged by the most since January 1992 in August with an increase of 18.2% recorded
Scutt Partners
Sales surge, dovish Fed ignite risk appetite US new home sales surged by the most since January 1992 in August with an increase of 18.2% recorded. The reading was well above the upwardly-revised 1.9% increase of July and expectations for a gain of 4.4% and left the annual pace of sales at 504k, the highest level seen since May 2008. Overall gains were recorded across three of four survey regions, the largest in the West, while the median sales price slipped 1.6% to $275,600, a level some 8.0% higher than the same month a year earlier. (VIEW LINK)
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise