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        Weekly Economic Perspectives

        US Housing Sector Soft Patch Broadens

        The soft patch in housing sector data extended this week to new and existing home sales. New home sales dropped 4.7% MoM, a weak showing exacerbated by sizable downward revisions to the prior two months. April sales were 7.7% lower than a year earlier.

        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        US Inventory of New Completed Homes Near 15-Year High

        Spotlight on Next Week

        • US consumer spending growth to cool. 
        • Canada Q1 GDP might surprise to the downside.
        • Tokyo CPI to have reaccelerated.
        • Australia’s monthly CPI may surprise to the downside.
        Read More

        More Weekly Economic Perspectives

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