New Home Sales

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New home sales is part of GDP growth. In the US it’s 3.5%.

Answers the question = "So, how is my most important investment doing?"

SAAR is used instead of actual figures because temporal factors can give a misleading number.

Includes

• average
• median, and
• range

of prices.

True in USA —> Increase in value in house values aren’t captured in CPI calculations, so high inflation doesn’t mean your house is going up in value.