US new home sales data for November 2017

  • Prior was 685K
  • +17.5% m/m compared to -4.4% expected
  • Supply at 4.6 months vs 5.4 prior
  • US homes for sale at month-end at 0.283m vs 0.283m prior
  • Median sale price $318,700 vs $315,000 a year ago (+1.2%)

Housing is ripping. Everyone sold their Bitcoin to buy a house, evidently.

Still a long ways to go though: