US July new home sales 507K vs 510K expected

Highlights of the July US new home sales report:

• Prior was 482K (revised to 481K)
• Sales up 5.4% vs 5.8% exp
• Prior sales fell 6.8% (revised to -7.7%)
• Supply at 5.2 months vs 5.3 prior

Solid print. In any case, the US housing sector is one of the very few spots in the US or global economy where there aren't a lot of question marks. The Richmond Fed and consumer confidence are the more important releases.