Biden Took Us Higher … Prices! New Home Sales Decrease to 657,000 Annual Rate in January

confoundedinterest17 #bubble, #inflation, Banking, CMBS, CRE, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen February 26, 2025 1 Minute

High housing prices, high commodity prices, high interest rates. All thanks to Biden’s horrible top-down economic policies. Its as is Biden was humming “I’m going to take prices higher” while he was President.

Sales of new single-family houses in January 2025 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.5 percent below the revised December rate of 734,000 and is 1.1 percent below the January 2024 estimate of 664,000.