Continue the streak mixed data on the American recovery. After confirming the Case-Shiller at the levels expected by analysts (-2,6% on an annual basis), sales of existing homes in April it reached its lowest level in the last 4 months, in contrast with expectations of a certain recovery in the real estate sector.
The index, based on purchase and sale contracts signed in April, dropped by 5,5 percentage points, at its lowest since December. Analysts had expected growth of 0,1%.
THERedbook index (which measures the turnover of a vast aggregate of shops and commercial activities), confirmed the expected figure, equal to a drop of 0,9%, while applications for new mortgages (weekly figure) fell by 1,9 .3,8%, compared to a XNUMX% growth in the previous week.
