US New Home Sales Fall 7.7% YoY In November, But Rise 16.9% MoM, Most Since 1992 (Months Supply Still Elevated, Median Price Falls)

Let’s start with the +16.9% MoM number, a more cheery, pop the champagne bottle headline.

But on a YoY basis, new home sales fell 7.7% in November.

Months supply of new home sales fell in November, but are still at elevated levels.

And the median price of new home sales fell in November as The Fed’s normalization grabs the housing market with its icy grip.

“The weather started getting rough, the tiny ship was tossed….”

Source: by Anthony B. Sanders | Confounded Interest


November New Home Sales Surge By The Most Since 1992


…as the median price plunged to $302,400 – the lowest since Feb 2017…