Pantheon Macroeconomics

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24th May 2022 00:20U.S., Daily Monitor

New home sales likely dropped sharply in April, but the monthly data are very noisy and unreliable.

Prices have overshot as developers have exploited low existing home inventory, but they are now at risk.

Capex plans have softened, but spending in the oil sector is accelerating, and has a long way to go.

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