at Calculated Risk on 12/23/2024 10:49:00 AM
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 664,000 Annual Rate in November
Letter excerpt:
The Census Bureau reported New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined.
…The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in November 2024 were up 8.7% from November 2023.
New home sales, seasonally adjusted, have increased year-over-year in 18 of the last 20 months. Note that sales the previous month – October 2024 – were impacted by the hurricanes.
There is much more in the article.