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Thursday, February 24, 2022

US New Home Sales Decline -19.3% YoY As Mortgage Rates Rise (Median Price Of New Home Sales UP 13.4% YoY)

 https://confoundedinterest.net/2022/02/24/us-new-home-sales-decline-19-3-yoy-as-mortgage-rates-rise-median-price-of/

On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose 7.03% from December.

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Rising long  rates and rising prices won't cut it..

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