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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.
As we know, existing home sales also shot up in November.
Much of the growth in new home sales was in The West (+31%).
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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