15 Apr 2014
US housing market would be key today – Danske Bank
FXStreet (Edinburgh) -Chief Analyst Lars Christensen at Danske Bank underlines the relevance of the NAHB to be released today.
Key Quotes
“In the data calendar focus will continue to be on the strength of the weather-related rebound”.
“Here the most interesting piece of information is the NAHB housing market index for April that will give us an idea of the strength of the US housing market”
“There was only a modest rebound in March to 47 and according to consensus it is expected to increase to 50 in April. However, the NAHB peaked at 57 in December, so a rebound in line with consensus will still suggest that there is more to the softer housing market than just bad weather”.
Key Quotes
“In the data calendar focus will continue to be on the strength of the weather-related rebound”.
“Here the most interesting piece of information is the NAHB housing market index for April that will give us an idea of the strength of the US housing market”
“There was only a modest rebound in March to 47 and according to consensus it is expected to increase to 50 in April. However, the NAHB peaked at 57 in December, so a rebound in line with consensus will still suggest that there is more to the softer housing market than just bad weather”.