US: New home sales likely to rebound by 2.2% in July - TDS

Analysts at TD Securities suggest that the US new home sales are expected by the market to rebound by 2.2% m/m to a 645k pace in July after suffering a sharp decline in the prior month.

Key Quotes

“FHFA home prices for June will be released at 9:00 ET with consensus looking for a 0.3% m/m increase, while initial jobless claims round out the data calendar (market: 215k). Lastly, the Kansas City Fed will release the full schedule for the upcoming Jackson Hole Symposium at 20:00 ET.”