US New-Home Sales Unexpectedly Surge
Bloomberg Televisionยท2025-09-24 14:27
Some breaking economic data coming in much better than expected. New home sales rise 800,000 an annual rate the estimate had been for 650,000. That also means that the sales percentage change month over month is 20.5%.The expectation had actually been a decline of.3%. So it is a stronger number but not a roaring market. It does underscore the fact that mortgages Matt have come in.The mortgage rate looks to be around the lowest since the start of the year, but we've had a Fed that's cut 125 basis points over ...