DATA VIEW: NEW HOME SALES UPDATE
US housing market, measured by New Home Sales is continuing its recovery in line with its relevant trendline, in line with Housing Starts and Building Permits data.
However in comparison to Starts and Permits, New Home Sales data comes in with a much softer slope.
Thus the expected recovery of this indicator is expected in 2020, if its relevant uptrend holds. That is 3 years further than Housing Starts and Building Permits
Thus it comes as a no surprise, as it is harder to sell newer accommodation, when prices are significantly lower on the secondary market.
However in comparison to Starts and Permits, New Home Sales data comes in with a much softer slope.
Thus the expected recovery of this indicator is expected in 2020, if its relevant uptrend holds. That is 3 years further than Housing Starts and Building Permits
Thus it comes as a no surprise, as it is harder to sell newer accommodation, when prices are significantly lower on the secondary market.
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