US housing data expected to show optimism

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The latest figures on the US housing market are due this week and experts are predicting that things will be improving after the cold winter. The S&P / Schiller index in May was poor, with far lower numbers than forecast but there is hope that things may have improved since; figures are out tomorrow. Other data releases in recent weeks have shown both sales volume and prices trending up and today the US Census Bureau will release its latest new home sales report.

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