McRocket
Gold Member
- Apr 4, 2018
- 5,031
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- #1
'New home sales plunged in September, falling 5.5 percent to an almost two-year amid pressures for rising interest rates that have hammered the real estate market.
The Commerce Department reported that sales for the month came in at 553,000 on seasonally adjusted basis. That's 5.5 percent below the downward revised August rate of 585,000 and a 13.2 percent tumble from the 637,000 reported for the same period a year ago.
September represented the worst month since December 2016. The number also was well below the estimate from economists polled by Reuters who were looking for a 1.4 percent drop to 625,000.'
New home sales drop 5.5% in September to near two-year low
No doubt Trump will blame the Fed for this. But Trump was the guy who nominated the Fed Chairman...so it's Trump's responsibility.
The Commerce Department reported that sales for the month came in at 553,000 on seasonally adjusted basis. That's 5.5 percent below the downward revised August rate of 585,000 and a 13.2 percent tumble from the 637,000 reported for the same period a year ago.
September represented the worst month since December 2016. The number also was well below the estimate from economists polled by Reuters who were looking for a 1.4 percent drop to 625,000.'
New home sales drop 5.5% in September to near two-year low
No doubt Trump will blame the Fed for this. But Trump was the guy who nominated the Fed Chairman...so it's Trump's responsibility.
