Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

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

David Scutt

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 Scutt
David Scutt
Independent Market Strategist
Scutt Partners

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.