US New Home Sales Decline 23.1% YoY In October As UMich Home Sentiment Plummets

Stock Market
Sharing is Caring!

by confoundedinterest17

While some economists are cheering the post-COVID economic recovery, I am not among them. Rampant inflation and bad economic policies are plaguing the non 1% of the population.

For example, new home sales dropped -23.1% YoY in October. As consumer sentiment for housing crashed to 63 (baseline of 100).

Why are consumers bummed-out about buying housing? How about rapidly accelerating new home prices???

You Might Like

Articles You May Like

Munis stronger following govies as Omicron, Powell rattle markets
Home Prices Hit Record High, Giving Sellers Much To Be Thankful For
Build Back Better spending would peak in early years, revenue later
3 Ways Pre-Retirees And Retirees Can Use U.S. Series I Savings Bonds
The complexity of boosting Social Security COLAs for retirees

Leave a Reply

Your email address will not be published. Required fields are marked *