The Census Bureau will release data on new home sales during January at 10 a.m. ET.
According to Bloomberg, economists forecast that new home sales fell 4.4% at an annual rate of 520,000. This would be a slowdown from the 10.8% jump in January at an annual rate of 544,000 recorded for December.
Last month’s gain was the strongest for the series since last February, as unusually warm weather and a pickup in mortgage applications supported home buying.
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