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23rd Aug 2016 06:52U.S., Economic Monitor

This week brings home sales data for July, which we expect will be mixed. New home sales likely rose a bit, but we are pretty confident that existing home sales will be reported down, following four straight gains. We're still expecting a clear positive contribution to GDP growth from housing construction in the third quarter, but from the Fed's perspective the more immediate threat comes from the rate of increase of housing rents, rather than the pace of home sales.

inflation rent rental inflation cpi core cpi new home sales home sales vacancies gdp fico vacancy rate mortgage real mortgage mba

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Keywords for: 23 August. 2016 Rental Inflation Set to Rise Further as Vacancies Hit a New Cycle Low

inflation, rent, rental inflation, cpi, core cpi, new home sales, home sales, vacancies, gdp, fico, vacancy rate, mortgage, real mortgage, mba,