Lexington, Mass., economic forecasting firm IHS Global Insight economist Patrick Newport (Patrick Newport) that the United States in November new home sales surge the reason is mainly affected by seasonal adjustment factors, in fact 11 actual sales for the month the worst of history.
Even the release of the data sides - the United States Association of Homebuilders (NAHB) has recognized this. The association pointed out that the release of this data, because the rise in new home sales data, based on low, and last month, under the revised data.
Homebuilders Association of the United States (Bob Jones) said that although builders are still facing many unfavorable factors, but in November the improvement of the registration of new home sales is a positive signal.
Currently, the U.S. home builders face a shortage of funds difficult, they can not get financing. They said, when housing demand increases, they can not increase housing supply.
U.S. home builders association data showed U.S. housing to be sold in November compared to 8.2 months, although the increase in October compared with 0.1 months, but when compared with March 2010 of 14.4 months, the situation is better than many. Housing to be sold than the existing homes available for sale to measure the time, data end, indicating strong market demand for more, that the more prosperous real estate market.
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