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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 courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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! 

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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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