Unexpected Gain for New Home Sales in November

Data for November indicated a surprise gain for the seasonally adjusted annual rate of new single-family home sales. The data was delayed due to the partial government shutdown. Survey data, including builder confidence, suggest December estimates, when published, will show market weakness however. Contracts for new, single-family┬áhome sales increased almost 17% to a 657,000 seasonally adjusted annual rate according to … Continue reading Unexpected Gain for New Home Sales in November