US New Home Sales dropped 7.8% MoM in May to 626k units SAAR.
Liquidity moves markets!Follow the money. Find the profits!
Notice that new home sales YoY are down 3.7% while median prices for new home sales are down 2.7% YoY. New home sales YoY peaked in 2012 and have been slowing cooling.
And new home sales are declining despite declining mortgage rates.
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