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Economic Update: New Home Sales
The Commerce Department reported New Home Sales in November fell 8,000 to an annualized rate of 307K. This was below the consensus expectation for a rate of 319K.
Last 12 Months results for comparison purposes:
- November: 314K
- October: 310K
- September: 303K
- August: 296K
- July: 298K
- June: 300K
- May: 315K
- April: 323K
- March: 301K
- February: 270K
- January: 301K
- December: 325K
Recall that this data series is based on contracts signed and not actual sales.
SPDR Homebuilders Last 12 Months
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