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Calculated Risk: New Home Sales increase to 923,000 Annual Rate in January

Calculated Risk

Note: Expect a dip in the data over the holidays. The week-over-week growth in positive cases has slowed.  Hopefully that continues. I m looking forward to not posting this data in a few months. Please stay healthy! The US is now averaging close to 2 million tests per day. Based on the experience of other countries, for adequate test-and-trace (and isolation) to reduce infections, the percent positive needs to be under 5% (probably close to 1%), so the US has far too many daily cases - and percent positive - to do effective test-and-trace. There were 1,272,991 test results reported over the last 24 hours. There were 124,498 positive tests.

Calculated Risk: New Home Sales decrease to 841,000 Annual Rate in November

12/23/2020 10:14:00 AM The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 841 thousand. The previous three months were revised down sharply. Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0 percent below the revised October rate of 945,000, but is 20.8 percent above the November 2019 estimate of 696,000. emphasis added Click on graph for larger image. The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate.

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