Following existing home sales modest bounce, new home sales in September exploded by 18.9% MoM - the biggest jump since January 1992.Against expectations of a 1.1% decline, new home sales soared 18.9% MoM in September - 9 standard deviations above expectations...From Zero Hedge.
The sales were mostly final before the hurricanes. So this looks more like an unexpected and massive bubble in housing. See what happened to home prices in the next read.
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