US: Focus on housing data this week – NBF

In the U.S., the week will provide important information about the housing market in April, according to analysts at NBF.

Key Quotes

“To start with, May have retreated slightly in April, hampered by extremely low inventory levels. May also have cooled following a healthy 7.8% cumulative increase between January and March. In other news, probably retreated in April based on falling civilian plane orders. We’ll also keep an eye on the release of for May and on the publication of that took place on May 2nd.”