New Home Sales up a cartoonish 48% year-over-year! LOL

This is one of the big things I had right from the start of the pandemic – that the combination of demographics, suburban flight, plunging interest rates and the idiosyncrasies of pandemic-induced lockdowns would produce a housing and remodeling boom. I had some stuff wrong but this was the big thing you had to know – the desire to nest was going to be epic in 2020. Housing is now the strongest segment of the ...

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source https://thereformedbroker.com/2020/11/23/october-new-home-sales-up-a-cartoonish-48-year-over-year-lol/