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US November new home sales 5.9% vs -14.8% prior

December 23, 2024 at 03:03PM

Prior revised to -14.8% m/m

Sales at 0.664m vs 0.660m expected

Supply at 8.9 months vs 9.2 months prior

Median price $402,600 vs $429,600 prior

Median price -6.3% y/y

With 30-year fixed rates back up above 7%, it’s looking like 2025 will be a tough year in the housing market. This number is largely in line with expectations.

This article was written by Adam Button at www.forexlive.com.

US November new home sales 5.9% vs -14.8% prior