New Home Sales in 2015
New Home Sales opened 2015 at 515 and closed at 546, a +6.02% move for the year. The high of 546 was reached on December 1, and the low of 456 on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 515 | 515 | 515 | 515 | +0.00% |
| Feb | 540 | 540 | 540 | 540 | +0.00% |
| Mar | 480 | 480 | 480 | 480 | +0.00% |
| Apr | 502 | 502 | 502 | 502 | +0.00% |
| May | 502 | 502 | 502 | 502 | +0.00% |
| Jun | 480 | 480 | 480 | 480 | +0.00% |
| Jul | 506 | 506 | 506 | 506 | +0.00% |
| Aug | 518 | 518 | 518 | 518 | +0.00% |
| Sep | 456 | 456 | 456 | 456 | +0.00% |
| Oct | 482 | 482 | 482 | 482 | +0.00% |
| Nov | 504 | 504 | 504 | 504 | +0.00% |
| Dec | 546 | 546 | 546 | 546 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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