America: New-Home Prices Drop Nearly 7%




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ORIGINAL POST

POSTED BY Ed (11 days ago)
The median sale price of new single-family houses sold in October dropped 6.6% from a year ago to $309,700, the lowest since February 2017, and a price that was first reached in November 2015. Granted, this data is whiplash-volatile, but after a while the trend becomes clear:

https://wolfstreet.com/2018/11/28/supply-of-new-houses-spikes-to-highest-since-housing-bust-1/

https://wolfstreet.com/wp-content/uploads/2018/11/US-new-house-prices-2018-10.png

https://wolfstreet.com/wp-content/uploads/2018/11/US-homebuilder-ETF-ITB-2018-11-28.png


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