Wednesday, October 25, 2017

A quick note on new home sales

 - by New Deal democrat

I don't know why, but FRED always seems to take its time posting data from the monthly new home sales report.

So, graphy goodness tomorrow, but in the meantime, the bulletpoint takeaway:

  • Needless to say, a good report, with a new expansion high, and
  • the three month moving average has stopped declining, BUT
  • the big increase this month was all about the hurricane affected South, which contributed over 80,000, and 
  • the three month moving average is nevertheless below its high from this past March, and
  • keep in mind that outliers in this report are frequently revised largely away come the next month
Stay tuned!