Thursday, October 26, 2017

September new home sales: the back end of the hurricanes

 - by New Deal democrat

As promised yesterday, here is my detailed post at XE.comon the September new home sales report.

The bottom line is that, when you do a three month moving average, and account for the transfer of many sales in the South from August to September, you have a metric that is no longer declining, but is not advancing either.

I had a problem posting the final graph, and rather than continue to fight with that platform, here is the graph that compares monthly with quarterly YoY changes in median prices:

The trend in new home prices is outpacing median household income growth this year.