New homes sales came in at a seasonally adjusted annual rate of 719,000 in November, up 1.3% (±11.0%) from last month and 16.9% (±19.4%) year-over-year.
The October rate was revised from 733,000 to a still solid 710,000.
Builder confidence is at a 20-year high, new residential construction statistics are strong, and volatile new home sales have been steadily rising to their best level in 12 years.
The consensus forecast called for steady strength at 735,000. Forecasts ranged from a low of 715,000 to a high of 750,000.
The median sales price of new houses sold in November 2019 was $330,800. The average sales price was $388,200.
The seasonally‐adjusted estimate of new houses for sale at the end of November was 323,000. This represents a supply of 5.4 months at the current sales rate.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.