Pantheon Macroeconomics - New home sales are much more susceptible to weather effects -- in both directions -- than existing home sales. We have lifted our forecast for today's February numbers above the 575K pace implied by the mortgage applications data in recognition of the likely boost from the much warmer-than-usual temperatures.

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23 March 2017 Warm Weather Points to Upside Risk for February New Home Sales

By Ian Shepherdson

New home sales are much more susceptible to weather effects -- in both directions -- than existing home sales. We have lifted our forecast for today's February numbers above the 575K pace implied by the mortgage applications data in recognition of the likely boost from the much warmer-than-usual temperatures.

Posted: 22nd Mar 2017 in 'U.S. Documents'

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