US New Home Sales Decline By Most In 13 Years In January (Home Prices Remain Too High After Covid Spending Spree)
by confoundedinterest17 Despite falling mortgage rates, analysts expected December’s drop in new home sales to accelerate in January… and accelerate they did… crashing a stunning 17.6% MoM (-2.7% MoM exp) – the biggest MoM drop since July 2013. This huge MoM …