Source: National Association of Realtors The index, gauging the sales of pending homes in the US, declined by 1.2% to 103.7 in March from the previous month. DJI is up +0.21%, DXY is up +0.73%. The pending sales have now fallen for the last five straight months, with the March declines taking transaction levels 8.2% lower than the previous year.NAR’s chief economist … [Read more...] about US Sales of Pending Homes Plunge 1.2% in March as Rates Soar
USA
US Trade Deficit Widens by $19.0B in March
Source: Census Bureau The US recorded an international trade deficit of $125.3 billion in March, wider than a deficit of $106.3 billion in February. SPY is up +0.41% on premarket, DXY is up +0.65%. The rise in trade deficit reflected a higher jump in imports from $30.3 billion to $294.6 billion. Exports increased by $11.4 billion to $169.3 billion. The wholesale … [Read more...] about US Trade Deficit Widens by $19.0B in March
Consumer Confidence Retreats, as Inflation, Ukraine Conflict Pose Risks
Source: The Conference Board Consumer confidence posted a slight decline in April, but this may be hit by the ongoing conflict between Russia and Ukraine and the inflationary uptick. QQQ is down 2.88%, while SPY is down 1.84%. The Consumer Confidence Index stood at 107.3 in April, down from 107.6 in the previous month.The Present Situation Index, which assesses current … [Read more...] about Consumer Confidence Retreats, as Inflation, Ukraine Conflict Pose Risks
US Home Sales Fall to Four-Month Low as Prices Continue to Increase
Source: US Census Bureau US home sales declined for the third straight month in March to hit the lowest level in four months, as prices continued to grow during the period. XHB is down 1.87%, while ITB is down 0.90%. New houses sold in March stood at 763,000, down by 8.6% from 835,000 in February and 12.6% lower than March 2021’s 873,000.The latest reading is the lowest … [Read more...] about US Home Sales Fall to Four-Month Low as Prices Continue to Increase
US Home Prices Jump Almost 20% in February
Source: S&P Global Home prices in the United States climbed by nearly 20% year on year in February, reflecting a faster pace than that seen in the previous month. XHB is down 0.33%, while ITB is up 0.78%. The S&P CoreLogic Case-Shiller US National Home Price NSA Index climbed by 19.8% in February, faster than the 19.1% recorded in January.The 10-City Composite … [Read more...] about US Home Prices Jump Almost 20% in February
