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US New Home Sales Rise In August, Remain Below Pre-COVID Levels

zerohedge2021-09-24

After adisappointing (and surprise) slump in existing home sales, new-home-sales were expected to extend the very modest July rebound (+1.0% MoM) in August (+1.0% MoM exp) and they were right with new home sales rising 1.5% MoM (and July's 1.0% MoM revised dramatically higher to a 6.4% MoM surge)

New home sales remain down over 24% year-over-year- the weakest in a decade.

The SAAR of new home salesremains below pre-COVID levels...

And while sales dropped over 24% YoY,median new home price rose over 20% YoY...

Finally, we remind readers that homebuyer sentiment and homebuilder sentiment could not possibly be more divergent...

Can Jay Powell really afford to upset those homebuilders with his taper? What do homeowners know?

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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