US New Home Sales Unexpectedly Soared In January As Prices Plunge
February 24, 2023 at 10:09 AM EST
Before we dig into this morning’s new home sales data, we note that both homebuilders and homebuyers have seen a rebound in confidence this year (even though the latter remains near extreme lows as one would expect)… Source: Bloomberg Despite soaring mortgage rates, mass layoffs, and barely perceptible price drops, new home sales have risen […] Source