DATA PREVIEW: US HOME SALES CENTER STAGE IN QUIET DATA WEEK
By Kevin Kastner WASHINGTON (MaceNews) – In the lighter data week ahead, the focus will be on new and existing homes sales for June, reflecting the extremely low level of mortgage rates offset by continued uncertainty due to the resurgence of COVID cases and the elevated unemployment rate. In May, existing home sales plunged by […]
DATA FLASH: JUNE HOUSING STARTS JUMP, BUT FUTURE UNCERTAIN
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. June home building data, released Friday, were overwhelmingly positive, as low mortgage rates and continued state reopenings boosted confidence. However, the resurgence of COVID-19 cases in several states in early-July, ongoing uncertainty, and extremely high unemployment may keep home building contained for the next few months. The […]