New Home Sales Blow Out Expectations

April 23, 2019
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New Home Sales Blow Out Expectations
Image by Ron Clausen

New home sales MoM for March came in today at 0.692M vs 0.695M consensus estimate. However, the percentage change expected came in at +4.5% vs -2.5%, a big blowout. The trend confirms the Trump economy is still alive and kicking.

Unexpectedly positive earning from multiple American companies this morning, like Coka-Cola and Twitter, are powering U.S. equity markets higher.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    Lawrence

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