KBWY - Market Cap Of U.S. New Homes Decreases To End 2023

2024-01-31 08:12:00 ET

Summary

• The negative implications that began with October 2023's new home sales reports continued through the end of 2023.
• New home sales typically contribute about 3 to 5% to the nation's Gross Domestic Product.
• The negative change in trend for the U.S. new home market suggests 2024 has begun with the market contributing a headwind to the U.S. economy.

The negative implications that began with October 2023's new home sales reports continued through the end of 2023....

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