US New Home Sales Decline 23.1% YoY In October As UMich Home Sentiment Plummets

Sharing is Caring!

by confoundedinterest17

While some economists are cheering the post-COVID economic recovery, I am not among them. Rampant inflation and bad economic policies are plaguing the non 1% of the population.

See also  Important Tax Information - Wash Sales

For example, new home sales dropped -23.1% YoY in October. As consumer sentiment for housing crashed to 63 (baseline of 100).

See also  U.S. Pending Home Sales Rebound (+7.5% MoM) To Highest Level Of The Year, BUT 5th Straight Month Of Negative YoY)

Why are consumers bummed-out about buying housing? How about rapidly accelerating new home prices???

 

 

424 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.