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What's going on? usa's existing home sales fall to a freezing point, while new home sales reach the highest level since last year.
Yesterday, a housing sales indicator in the USA dropped to its lowest level since 2010. Meanwhile, on Thursday, another housing indicator soared to its highest level since 2023. What exactly happened behind this?
USA housing leading indicators new home sales reached a one-year high, inventory hit the highest level since 2008, house prices remain unchanged.
In usa, the annualized new home sales in September were 0.738 million households, expected to be 0.72 million households, with the previous value in August at 0.716 million households. The median price of new home sales in September is almost unchanged compared to a year ago, at $0.4263 million. The recovery in new home sales may be temporary, as mortgage interest rates in the usa have rebounded significantly from the September low.
New-home Sales Jump to Highest Level Since May 2023, as Lower Mortgage Rates Drew Buyers in
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