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New Home Sales Surged 17.5% MoM In Nov To Highest Level Since 2017 (Biggest Gain In Inventory-strangled West)

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

New home sales for November surged 17.5% MoM in November to 733k units sold SAAR. The US finally made it back to 2007 levels.

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As we know, existing home sales also shot up in November.

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Much of the growth in new home sales was in The West (+31%).

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Wait a minute. I thought Nobel Laureate economist Paul Krugman said that President Trump would drive the world into a severe recession.

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