Daily Three: New Home Sales Rise Above Expectations, Consumer Confidence Subtly Declines and Case Shiller 20-City Rises 12 Month Trailing
- U.S. new home sales rose for the month of June by 3.5% which represents a seasonally adjusted annual 592,000 homes, the highest level since February 2008. CNBC
- The consumer confidence index fell to 97.3 in July from a downward revised 97.4 June reading showing resilience to global political developments. The Wall Street Journal
- The Case Shiller 20-city index rose 5.2% year/year in May from April’s 5.4% trailing 12-month gain; however May’s figure results in a seasonally adjusted decline at the national level of -0.1% month/month. The Wall Street Journal