US new home sales numbers
- Prior was 544K
- +16.9% vs +4.8% exp (-8.3% prior)
- Median price -11.9% y/y
- Months supply 6.0 vs 7.0 prior
- Homes for sale 330K vs 328K prior
There was a big jump in the south region to 374K from 310K. The market is rightfully skeptical of these numbers being any kind of sea change in housing sentiment.
