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Sales of new single-family homes rose +3.5% in June, easily beating the consensus estimate. This was the highest level in more than eight years.


New home sales set a new cycle-high, home price appreciation is maintaining a solid, above-historical-trend pace, and Fed bank regional surveys picked up steam as the month drew to a close (and as Brexit receded in the distance). None of this will make the FOMC raise rates at this week’s meeting; another pause seems locked in (official statement to be released Wednesday afternoon). However, the discussion seems certain to take a more hawkish bent.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

FMI's reports are driven by data releases in the U.S. And here are the major releases that they cover,

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