US New Home Sales Fall 12% YoY In October, Down 9% MoM

Another Indicator Bites The Dust

The good news? US GDP rose 3.5% QoQ, even though Personal Consumption was lower than expected at 3.6% and lower than September’s growth.

The bad news? New home sales fell 8.9% MoM in October.

https://confoundedinterestnet.files.wordpress.com/2018/11/econov2818.png?w=625

New home sales declined 12% YoY, tied for the worst reading since 2011.

https://confoundedinterestnet.files.wordpress.com/2018/11/nhsyoyovt18.png?w=625

Yes, as The Fed withdraws monetary stimulus, home building companies are taking the Nestea plunge.

https://confoundedinterestnet.files.wordpress.com/2018/11/hbldfed.png?w=625

Another housing indicator bites the dust.

https://confoundedinterestnet.files.wordpress.com/2018/10/powellfrown.jpg?w=623&h=312

Source: Confounded Interest

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2 thoughts on “US New Home Sales Fall 12% YoY In October, Down 9% MoM

  1. Truett Neathery

    The local real estate hens continue to listum high because, you know, if you don’t get in the game now, you will missout on the boom ! i THINK i HEARD THAT BEFORE,

    Like

    Reply

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