Sales of new single-family houses in June 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5 percent (±23.9%)* above the revised May rate of 572,000 and is 25.4 percent (±27.9%)* above the June 2015 estimate of 472,000.
5-Year Chart of New Home Sales
1-Year Chart of the Homebuilder's ETF
Valuation of the 10 Largest Homebuilders by Market Capitalization (Finviz)
Oil Price Are Moving Lower
1-Year Candleglance Charts of the Larger Energy Sector ETFs
Valuation of the 10 Largest XLE Members (Finviz)
The Irish Central Bank has reduced its forecasts for economic growth in response to the UK’s Brexit vote, predicting a “negative and material” impact “both in the short-run and the longer-term”.
The bank said the overall economic outlook for the Republic “remains broadly favourable,” but revised its growth forecasts by 0.2 per cent and 0.6 per cent for 2016 and 2017 “relative to a no-Brexit baseline”.
