Quotes from Capital Economics:
- US new home sales sustained almost all of December's seven-year high in January, falling by a marginal 0.2% m/m. (Data released on Wednesday.)
- The strong labour market and loosening mortgage credit conditions mean that the outlook for new home sales is encouraging.
- We expect sales to continue to perform well over the course of 2015, rising to perhaps 535,000 over the year as a whole.