New Home Sales Slump In January, Despite Drop In Prices

Zero Hedge | 3/13/2019 | Staff
eymira (Posted by) Level 3
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Following a rebound in November and December, January's (delayed due to the govt shutdown) new home sales plunged 6.9% MoM despite a jump in homebuilder sentiment.

Sales of new U.S. homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines.

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