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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Pitera who wrote (2613)11/27/2017 9:27:14 PM
From: Riskmgmt1 Recommendation

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John Pitera

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U.S. New-Home Sales Unexpectedly Rise to Highest in a Decade
bloomberg.com
Highlights of New-Home Sales (October)
  • Single-family home sales rose 6.2% m/m to 685k annualized pace (est. 627k), the highest since Oct. 2007, a revised 645k rate
  • Purchases in the South increased for a third month, to the fastest pace in 10 years
  • Median sales price increased 3.3% y/y to $312,800
  • Supply of homes at current sales rate fell to 4.9 months, the smallest since July 2016, from 5.2 months; 282,000 new houses were on market at end of October
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