New Home Sales Crash In October - Biggest Plunge Since 2011

[McRocket]

'Following the small MoM blip higher in existing home sales (though dismal YoY plunge), new home sales were expected to rebound in October (after plunging 5.5% MoM in September) but instead they utterly collapsed - crashing 8.9% MoM.'

New Home Sales Crash In October - Biggest Plunge Since 2011

Interesting.

 

[Intolerant]

Oh the horror.

 

[Oddball]

Market was already overheated....Was only a matter of time before a correction.

 

[saveliberty]

Why would you expect different? We are at full employment, so not a lot of people moving about. Mortgage rates have gone up and that was known for a long time, so people already bought. It was a sellers market, so prices have been high. This is a completely expected cycle point.

 

[CrusaderFrank]

'Following the small MoM blip higher in existing home sales (though dismal YoY plunge), new home sales were expected to rebound in October (after plunging 5.5% MoM in September) but instead they utterly collapsed - crashing 8.9% MoM.'

New Home Sales Crash In October - Biggest Plunge Since 2011

Interesting.

Thanks, Obama

 

[Cellblock2429]

'Following the small MoM blip higher in existing home sales (though dismal YoY plunge), new home sales were expected to rebound in October (after plunging 5.5% MoM in September) but instead they utterly collapsed - crashing 8.9% MoM.'

New Home Sales Crash In October - Biggest Plunge Since 2011

Interesting.

/----/ Interesting? So is this. Now who was president in 2016?
New-home sales tumble in January on big decline in West

 

[Manonthestreet]

Chicken littles lose again...Fed affirms economy is solid ....

 

[CrusaderFrank]

As soon as democrats take the House.