December 29, 2015

November Home Sales

November Home Sales

With new home sales data out for November, we're currently running 178,000 in home sales (non-seasonally adjusted), above the November 2013 rate and keeping us on track for the best year in home sales since 2007.

Existing-home sales decreased 10.5% from the previous month to a seasonally adjusted annual rate of 4.76 million in November, but that may have more to do with new regulations which slowed down production. New home sales rose 4.3% last month to a seasonally adjusted annual rate of 490,000 units.

Currently existing home sales are up 2.5% and new home sales are up 15.1%, compared to 2013 through November on a non-seasonally adjusted basis.

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