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New Home Sales Buck The Downtrend Once Again

US DATA
  • New home sales surprisingly increased 5.8% M/M in November to 640k (cons -5.1%, 600k).
  • There was wildly different performance across the main regions, capped at either end by Northeast (smallest region) falling -8.5% and West (second largest) surging +27.6%.
  • The aggregate decline is notably different to the renewed acceleration in the decline in both existing home sales and building permits.


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