12/26: MetroIntelligence Economic Update by P. DUFFY

November new home sales rise again, for best three-month total since 2007

Sales of new single‐family houses in November 2019 were at a seasonally adjusted annual rate of 719,000, up 1.3 percent from October and 16.9 percent year-on-year. Unsold supply would last 5.4 months at current sales rates, down from 5.5 months in October and 6.5 months in November 2019.