CalculatedRisk Newsletter • 43 implied HN points • 26 Feb 24
- In January 2024, new home sales were reported at a seasonally adjusted annual rate of 661,000, showing a positive trend compared to the previous year.
- The median new home price has dropped by 15% from its peak, indicating potential shifts in the real estate market.
- Inventory levels for new homes show variations, with completed homes for sale at a level close to the norm, while homes under construction are high but below previous peak levels.