Today, the
U.S. Census Department released its monthly
New Residential Home Sales Report for November showing an increase with sales rising 5.2% from October climbing 16.5% above the level seen in November 2015 but still remaining near an historically low level with 592K SAAR units.
The monthly supply declined to 5.1 months while the median selling price declined 3.66% and the average selling price declined 4.49% from the year ago level.
The following chart show the extent of sales decline to date (click for full-larger version).
