US real estate: sales new homes than expected

9 years ago - Published in Finance, Fundamental Analysis

Good news from the US housing market. Sales of new homes for the month of April totaled 619,000 share units against 511,000 units in the previous survey and the 521,000 units expected by analysts. Staying on the subject of macro data, the Richmond Fed index, indicator of the manufacturing sector prepared by the Federal Reserve Bank of Richmond, has declined from 14 to -1 points. The analysts pointed to a drop much lower at 9 points.