by Calculated Risk on 12/23/2024 10:49:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 664,000 Annual Rate in November

Brief excerpt:

The Census Bureau reported New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined.
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The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in November 2024 were up 8.7% from November 2023.

New home sales, seasonally adjusted, have increased year-over-year in 18 of the last 20 months. Note that sales the previous month - October 2024 - were impacted by the hurricanes.

There is much more in the article.