USA New Home Sales (MoM) For August Prior Changed From 4.4% To 8.0%
Portfolio Pulse from Benzinga Newsdesk
The USA New Home Sales (MoM) for August has been revised from 4.4% to 8.0%.
September 26, 2023 | 2:05 pm
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POSITIVE IMPACT
The upward revision of the USA New Home Sales (MoM) for August could potentially impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which includes companies from the real estate sector. An upward revision in new home sales indicates a stronger housing market, which could positively impact the real estate companies within the S&P 500, and therefore the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75