New home sales show steep rise in January

Yes, thank you Sarah. Our January read on new home sales expected to be around 620,000 seasonally adjusted annualized units is better. 670,000 seasonally adjusted annualized units and that is the best level since March of 22 which puts it up over 7% for the month. Now University of Michigan sentiment this is a February final read 70.4, 70.4 and that excuse me 70 67.0 67.

0 and that replaces 66.4 on current condition 70.7 that replaces 72.6 and on expectations what lies ahead 62.3 turns into 64.7 so we could see that the headline and expectations bested the mid-month read but we do notice that the current conditions maybe the most important issue is a little bit lower. Now for the moneyball numbers one year inflation comes in at 4.

1 percent. High watermark here was in March of last year at 5.4 so making progress and unlike the personal income and consumption numbers inflation gauges this one is sequentially lower than last look which was 4.2 and that of course was the mid-month read and finally the 5 to 10 year inflation came in a 2.9 mid-month it remains at 2.9. High watermark there was a split decision June of last year and January of last year it was 3.

1 those were the highest since 2011. Sarah back to you.

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