US November new dwelling gross sales +5.9% vs -14.eight% prior

• Prior revised to -14.eight% m/m
• Gross sales at zero.664m vs zero.660m anticipated
• Provide at eight.9 months vs 9.2 months prior
• Median value $402,600 vs $429,600 prior
• Median value -6.three% y/y

With 30-year fastened charges again up above 7%, it is wanting like 2025 might be a troublesome yr within the housing market. This quantity is basically in keeping with expectations.

This text was written by Adam Button at www.ubaidahsan.com.



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