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Nov new home sales +17.5% to 733k SAAR, the.>

US DATA
US DATA: Nov new home sales +17.5% to 733k SAAR, well above the 658k 
rate expected. 
-There were downward revisions to the sales pace in Oct and Sep. 
-Sales increased in the Northeast by 9.5% to 46k, in the South by 14.9% 
to 416k, in the West by 31.1% to 194k, and in the Midwest by 6.9%. 
-The supply of new homes for sale was unchanged at 283k, but +14.1% y/y. 
-As a result of the large increase in sales and the flat reading in new 
homes for sale, the months supply on market dropped to 4.6 months from 
5.4 months in Oct.
-The median new home sales price -0.3% to $318,700, but +1.2% y/y. 

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