Catalysts hosts Seana Smith and Madison Mills break down the latest data from US new home sales and Purchasing Managers' Index (PMI) prints. New home sales...
New home sales in June fell to 617,000, declining 0.6% and coming in well below expectation of a 3.4% increase. The median new home price declined to $417,300, and the average selling price was just over $487,000. Homes for sale in June rose 0.8% on a month-over-month basis, and the supply was at an average of 9.3.
Media New home price actually declining down about 1/10 of a percent on a year over year basis to $417,300 average selling price was 408 just over $487,000 homes for sale.Now the month supply was at an average of 9.3 in June and that was up from the prior month here.
It did rise, but the details a little bit less of a bright picture here, a manufacturing specifically appointing expectations coming in at 49.5 versus the 51.6 forecast services, though in the composite did beat economic forecast.So the details under the hood not as great as the headline number here, which was 56 which was above the number that was anticipated for PM I here.The data could, you know, suggest that the economy does continue to and thanks to that services sector.
We take a look at the average prices here, charge for goods and services that rose at the slowest pace that we've seen since January, the second slowest rate actually, that we've seen since October 2020. GSK today announced that Health Canada granted full approval for Jemperli as a monotherapy for the treatment of adult patients with dMMR/MSI-H recurrent or advanced endometrial cancer that has progressed on or following prior treatment with a platinum containing regimen.A fish that appeared to fall from the sky damaged a New Jersey couple’s Tesla parked in their driveway, video captured by the car’s dashcam shows.
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