US DATA: Nov New Home Sales +1.6% to 315k about in-line with the
MNI median estimate of 313k. Oct new home sales were revised up to 310k
(prev 307k) and Sep was also revised up to 306k (prev 303k). The months
supply of new homes fell 1.3% to 158k or a six months supply, the lowest
its been since there was a 5.9-months supply of new homes in Mar’06. New
home sales rose in the MidWst +7.5% and the South +12.9%, but fell in
the NE -26.3% and the West -16.9%. The median new home price fell 3.8%
to $214,100, down from $222,600 in Oct. Unadjusted Nov new home sales
were 22k vs 25k in Oct.