USRT - U.S. New Home Sales Market Cap Rebounds
Following up our analysis of the market for existing homes in the U.S., preliminary and revised data suggests that falling mortgage rates have coincided with a reversal in the late-2018, early-2019 decline in new home sales.
The following chart tracking the trailing-twelve-month average of the market capitalization of new home sales in the United States shows that rebound taking hold April and May 2019.
Market capitalization is the product of average new home sale prices and their number of sales. Looking next at the year-over-year growth rates for the trailing-year-average new home sales market cap