Pantheon Macroeconomics

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24th Jun 2022 00:20U.S., Daily Monitor

New home sales have already dropped by 30% from their peak, but they have not hit bottom yet.

Inventory is rocketing, so prices are likely to come under severe pressure, very soon.

The surge in the Q1 current account deficit reflects the frenzy of inventory-building; it won’t last.

current account current account deficit deficit existing home sales fed home sales homebuilders homebuyers housing market imports June May mortgage mortgage applications new home sales new sales q1 sales data summer

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Keywords for: New Home Sales Data are Wild, but the Collapsing Trend is Clear

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