Housing Is Rockin’! US New Home Sales Up 18.6% YoY In January, Median Sales Price Up 14% YoY

Thanks in part to record low 10-year Treasury yields and near all-time low 30-year mortgage rates, new home sales are rockin’.

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Yes, new home sales rose 18.6% YoY, consistent with the YoY growth rates from the housing bubble.

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Median price YoY of new home sales shot up 14%.

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