US New Home Sales Down 11% In November, But UP 20.8% YoY

US new home sales plunged 11% in November (hello, it’s NOVEMBER!!).

But new home sales rose 20.8% YoY (even though the YoY rate is falling).

The median price for new home sales fell slightly in November,but with historically low existing home sales I expect new home sales to increase in 2021.