New home sales moderating right on cue

By Logan Mohtashami | HousingWire

When economic data goes parabolic, there is usually a story behind it. Housing data tends to be very sticky, so when housing numbers first fell and then went parabolic in 2020, we were witnessing one of the most extraordinary swings in data ever recorded in human history.

This chart from September 2020 is an excellent example of this behavior last year.

With that said, these parabolic moves are destined to moderate, and it is important not to over-read this moderation. This has been my theme since the summer of 2020, and back in September, I wrote this article about new home sales being hot, but not bubbly. 

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Surprise opens The Fields at Countryside

By City of Surprise The city of Surprise held a ribbon cutting Jan. 20 to mark the opening of The Fields at Countryside. The new park is located north of Countryside Recreation Center and Elementary School at the southwest

Read More »
February 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728