US pending home sales likely to rebound in February - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Nomura, notes that the US housing market activity has been choppy in recent months after steady gains for the better part of 2015.

    Key Quotes

    “But the recent volatility is likely attributable to transitory factors such as difficulty in seasonally adjusting February data and unfavorable weather conditions. As such, we continue to expect demand to remain relatively robust this year as demographics, mortgage rates and labor market conditions remain favorable. Consensus expects pending home sales to rebound in February, increasing by 1.5% following a 2.5% decline in the prior month.”
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