​US New Home Sales Jumped In September As Rates Fell, But… – Tyler Durden

US New Home Sales Jumped In September As Rates Fell, But… With existing home sales ‘re-slumping’ back to the lowest SAAR levels since 2010, hope for the US housing market remains in the new homes market (where consensus believes that sales will jump 0.6% MoM after last month’s 4.7% plunge). Hope remains alive apparently as new home sales rose 4.1% MoM. The noisy YoY data is back at +6.3%… Source: Bloomberg The total New Home Sales SAAR is 738k – the highest since May 2023… Source: Bloomberg  The last three months have seen significant downward revisions to the new home…  — Continue at ZeroHedge News : Read More