Personal life looked like a train right wreck this year. I am stephanie ruhle. It is Christmas Eve. I would like to say that the breaking news is that it is my birthday. The real breaking news is the november home sales report. Michael mckee is in the newsroom with the headline. What is the real deal here . It would be a lot easier to talk about your birthday. I agree. We beat expectations and still declined 2. 1 . The prior month was revised higher. Sales are up to 464,000. 10,000crease makes for a decrease on a monthtomonth basis. You want to look at the annual sales rate. 464,000 is still better than we have seen for quite some time. The overall numbers improving and we are seeing a decline in the number of homes out there for sale. We are starting to see inventories get tight and that should incentivize builders to build home next year and that is good for jobs. Even though we are down by 2. 1 it is good news. The Richmond Fed Manufacturing index comes in a 13 . We are still seeing
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