by Calculated Risk on 12/22/2023 10:53:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 590,000 Annual Rate in November

Brief excerpt:

The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 590 thousand. The previous three months were revised down.
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The next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate). Sales in November 2023 were up 1.4% from November 2022. Year-to-date sales are up 3.9% compared to the same period in 2022.

Although sales disappointed in November, there will be more sales in 2023 than in 2022.

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