US November new home sales +5.9% vs -14.8% prior ...Middle East

Prior revised to -14.8% m/mSales at 0.664m vs 0.660m expectedSupply at 8.9 months vs 9.2 months priorMedian price $402,600 vs $429,600 priorMedian price -6.3% y/y

With 30-year fixed rates back up above 7%, it's looking like 2025 will be a tough year in the housing market. This number is largely in line with expectations.

This article was written by Adam Button at www.forexlive.com.

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