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Prior month 0.679 million annualized tempo revised to 0.672M New-home gross sales -12.2% largest decline since April 2022New properties on the market on the finish of November 0.451 million models versus October 0.440 million unitsNew house sale provide 9.2 months vs 7.9 months in October. That’s the highest stage since November 2022 (9.4 months)Median gross sales value $434,700 which is down -6% from November 2022 ($462,300) Common gross sales value $488,900 vs $487,000 final month
Regionally:
Northeast +3.1percentMidwest +25.0percentSouth -20.9percentWest -5.1%
This text was written by Greg Michalowski at www.forexlive.com.
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