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New Home Sales Disappoint, But Manufacturing Beats

New Home Sales Disappoint, But Manufacturing Beats
Brunn Carriage Manufacturing Co. of Buffalo, NY advertisement showing large limousine coachwork on an unknown Chassis (1907). The company’s founder was an uncle of Hermann A. Brunn, founder of the better known custom coachbuilder Brunn & Co

With the market on pins and needles following the worsening of the coronavirus outbreak in China over the weekend, economic data released this morning was mixed, but closely watched.

Dallas Fed Manufacturing Business Index (Jan) surprised to the upside printing at -0.2 vs -3.1 consensus estimate.

New Home Sales (MoM) (Dec) printed at 0.694M vs .74M estimated.

New Home Sales Change (MoM) (Dec) printed at -0.4% vs 1.5% estimated.

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