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.
Liquidity moves markets!Follow the money. Find the profits!
As we know, existing home sales also shot up in November.
Much of the growth in new home sales was in The West (+31%).
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.