FINWIRES · TerminalLIVE
FINWIRES

US New-Home Sales Expected to Rebound in May After Decline in April

By

US new single family home sales are expected to rise to a 640,000 annual rate in May based on a survey compiled by Bloomberg, after falling to a 622,000 annual rate in April.

Sales would be above the 622,000 annual rate reported in May 2025.

The data are scheduled to be released at 10:00 am ET Wednesday.

Supply of new homes for sale was below its year-ago level in last month's report for March, even as prices were higher.

Single-family existing home sales rose 3.5% in May, according to data released on May 9, and were up 3.3% from a year ago.

Recent mortgage application data from the Mortgage Bankers Association indicated that mortgage rates rose earlier in May before falling at the end of the month.

Home building data for April released on June 16 showed declines in building permits, housing starts and home completions.

The National Association of Home Builders reported on June 15 that builder sentiment rose to 37 in May from 34 in April before declining to 35 in June, noting continued affordability challenges.

Related Articles

International

South Korea's Composite Consumer Sentiment Index Inches Up in June

South Korea's Composite Consumer Sentiment Index (CCSI) rose to 106.6 in June from 106.1 in May, according to the Bank of Korea's June Consumer Trends Survey released on Tuesday.Consumer sentiment regarding current living standards came in at 94 in June, one point higher than the preceding month, and the sentiment around the future outlook was unchanged at 97, the data showedThe survey was conducted from June 9 to 16.Consumer sentiment regarding the current domestic economic conditions in June was also three points higher than in May at 86. Meanwhile, the sentiment around the future domestic economic conditions slipped by one point from May to 92 in June.Sentiment around future household income and future household spending were both unchanged, at 100 and 110, respectively.As per the data, the expected inflation rate for the upcoming year was 2.8%, unchanged from a month earlier.

^KOSDAQKOSPI
International

South Korean Non-Financial Firms' Sales Rise 13.5% in Q1

Sales at South Korea's non-financial companies rose 13.5% in the first quarter of 2026 from the previous quarter, according to data released Tuesday by the Bank of Korea.The pace of growth was sharper than the 2.5% expansion recorded between Q3 and Q4 2025.Total assets increased 4.7% from a year earlier, also faster than the 1.4% anual growth in Q4 2025.Profitability improved during the quarter, with the operating income-to-sales ratio rising to 13.2% from 6.0% a year earlier.The income-before-taxes-to-sales ratio increased to 15.4% from 7.7%.Financial stability indicators also strengthened, as the debt-to-equity ratio declined to 87% from 88.9% in the previous quarter.

KOSPI
International

New Zealand Employment Confidence Hits Lowest Reading Since September 2004

New Zealand employment confidence fell 12.5 points in the June quarter to 83.1 from 95.6 in the previous quarter, the lowest reading for the survey since it started in September 2004, according to the Westpac-McDermott Miller Employment Confidence index released Tuesday.The survey revealed a widespread loss of confidence, consistent across regions, ages, and income groups, particularly highlighted by the Middle East conflict, which has brought labor market confidence to record lows.A net 60% of survey respondents indicated that finding a job is currently difficult, the lowest level since the mid-2010s.The latest reading is consistent with an expected renewed softness in the jobs market in the coming months, with the unemployment rate projected to reach a cyclical peak of 5.6% by year's end.While job advertisements have remained steady over the last few months, they are still below pre-pandemic levels.Meanwhile, workers' perception of job security also fell, hitting their lowest since the Covid lockdown, particularly among young workers who previously showed the most improvement, according to the survey.

^NZ50