The Day Ahead: U.S. July New Home Sales, FOMC Minutes
Housing data will be center of attention on Tuesday
with the release of U.S. new home sales for July and the June Case-
Shiller Home Price Index.
U.S. new home sales are expected to fall 0.9% to 525k in July
following June’s decline of 0.6%. Meanwhile, the Case-Shiller home price
composite for June is expected to fall 16.2% year-over-year following
May’s 15.8% decline.