Saturday, December 2, 2017

Chart Of the Day: New Home Sales

If you're thinking that the housing market, by way of rising prices, is revisiting its bubbly condition of the mid-2000s, well, you're fretting over our last economic battle. I don't suspect that the housing/mortgage market/s will be the catalyst for the next.

New home sales in October blew away expectations, but they're running at less than 50% of where they were when they last peaked; per the below from Bespoke Investment Group:     click to enlarge...

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