Killy_Mel
Long

DATA VIEW: NEW HOME SALES UPDATE

QUANDL:FRED/HSN1FNSA   FRED/HSN1FNSA
US housing market, measured by New Home Sales is continuing its recovery in line with its relevant trendline , in line with Housing Starts and Building Permits data.

However in comparison to Starts and Permits, New Home Sales data comes in with a much softer slope.

Thus the expected recovery of this indicator is expected in 2020, if its relevant uptrend holds. That is 3 years further than Housing Starts and Building Permits

Thus it comes as a no surprise, as it is harder to sell newer accommodation, when prices are significantly lower on the secondary market.
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