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US September new home sales expected at 485K - TD Securities

FXStreet (Łódź) - Tim Davis, Vice President, Global Strategist at TD Securities believes that US New Home Sales, due out at 14 GMT will slide to 485K in September.

Key quotes

"September new home sales the only item on the docket, and we expect sales to correct 3.8% to 485K from last month’s cycle-high reading of 504k."

"Despite the pullback, we expect the data to continue showing gradual improvement in the housing market, even as the sector has generally struggled to gain traction in the wake of its mid-2013 weakening."

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