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....
Read the full article on Seeking Alpha
For further details see:
Market Cap Of U.S. New Homes Decreases To End 2023