US AUG.NEW HOME SALES AT 1.011M ANNUAL RATE AS Q3 GDP FORECAST SOARS TO 28.9% QoQ

by confoundedinterest17

As I have been saying for a while now, Q3 GDP is rebounding strongly and that is driving new home sales through the roof (coupled with historic low interest rates).

As the supply of new home sales got eaten-up.

The South led the wave with 1) aging population and 2) people escaping high taxes of in northern cities (e.g., New York, Chicago, etc).

Will Powell and The Fed take their foot off the accelerator?