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US New Dwelling Gross sales Crash And Burn In July, Down -32.26% YoY (-12.65% MoM) Whereas Common Value Rises +19.57% From June – Funding Watch

by Index Investing News
August 23, 2022
in Investing
Reading Time: 2 mins read
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by confoundedinterest17

Properly, new residence gross sales aren’t coming to the rescue for inexpensive housing.

July’s New Dwelling Gross sales crashed and burned. At -32.26% YoY. That is occurring as M2 Cash progress has declined.

For the month of July, new residence gross sales have been down a staggering -`12.65%. Nevertheless, the typical value of recent properties rose 19.57% from June. Median value of recent residence gross sales have been additionally up 5.91% from June, a big surge.

The provision of recent properties? The very best stage for the reason that housing collapse of 2008.

 



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Tags: AverageburnCrashhomeInvestmentJulyJuneMompriceRisessalesWatchYoY
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