Prior month 0.679 million annualized pace revised to 0.672M New-home sales -12.2% largest decline since April 2022New homes for sale at the end of November 0.451 million units versus October 0.440 million unitsNew home sale supply 9.2 months vs 7.9 months in OctoberMedian sales price $434,700 which is down -6% from November 2022 ($462,300) Average sales price $488,900 vs $487,000 last monthRegionally:Northeast +3.1%Midwest +25.0%South -20.9%West -5.1% This article was written by Greg Michalowski at www.forexlive.com.
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