New Home Sales Collapse In December As Trump Rate Surge Hits

Thursday, January 26, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jan 26, 2017

With soaring mortgage rates and plunging mortgage applications, it should be no surprise that new home sales crashed in December. Analysts expected a modest 0.7% decline but sales crashed 10.4% – the most since March 2015 – and at 536k SAAR, this is the lowest since Feb 2016.

First annual decline since February…

The Rest…HERE

This entry was posted on Thursday, January 26th, 2017 at 12:06 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.

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