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US October new home sales 0.610m vs 0.725m expected

US October new home sales 0.610m vs 0.725m expected

News
Adam Button
26/11/2024 | 15:00 GMT
  • US new home sales data
New home construction USA
  • Prior was 0.738m
  • Sales -17.3% vs +4.1% prior -- worst since 2013

This is a terrible number and underscores the pain that higher rates are going to cause in everything housing-related, which is a big chunk of the economy.

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