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Economic Update: U.S. Housing Hiccups

The news from housing this week gave little indication of how higher interest rates are affecting the housing market. In July, existing home sales hit their highest level in nearly four years. But
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S&P Capital IQ, a business line of the McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new… trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions , and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.

The news from housing this week gave little indication of how higher interest rates are affecting the housing market. In July, existing home sales hit their highest level in nearly four years. But new home sales fell far below markets’ expectations, and the index of pending home sales slowed. In this segment, Chief Economist Beth Ann Bovino discusses the potential implications.

 

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