Economic Update: New Home Sales
The Commerce Department reported New Home Sales in July rose 13,000 to an annualized rate of 372K. This was above the consensus expectation for a rate of 366K.
Last 12 Months results for comparison purposes:
Recall that this data series is based on contracts signed and not actual sales.
How does this report affect our short-term trading strategy? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.
Other stories on the US Economy to review:
SPDR Homebuilders Last 12 Months
Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.