Pantheon Macroeconomics - We are fundamentally quite bullish on the housing market, given the 100bp drop in mortgage rates over the past six months and the continued strength of the labor market, but today's May new home sales report likely will be unexciting.

U.S. | 25 June 2019 New Home Sales Set for a Steady Summer, but New Highs in the Fall
We are fundamentally quite bullish on the housing market, given the 100bp drop in mortgage rates over the past six months and the continued strength of the labor market, but today's May new home sales report likely will be unexciting.

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25 June 2019 New Home Sales Set for a Steady Summer, but New Highs in the Fall

By Ian Shepherdson

We are fundamentally quite bullish on the housing market, given the 100bp drop in mortgage rates over the past six months and the continued strength of the labor market, but today's May new home sales report likely will be unexciting.

Posted: 25th Jun 2019 in 'U.S.'

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