US new home sales leap to 733K – 17.5% up

Sales of new homes were expected to slide by 4.7% in November, dropping to 654K after a very high level of 685K in October, before revisions.

Earlier we received more important US data: durable goods orders fell short of expectations with a weak rise on the headline and drops in the core measures. The Fed’s favorite inflation figure remained stable at 1.5%.

more coming


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