FX Expert Funded

US October new home sales 0.610m vs 0.725m expected

Prior was 0.738mSales -17.3% vs +4.1% prior — worst since 2013

This is a terrible number and underscores the pain that higher rates are going to cause in everything housing-related, which is a big chunk of the economy.

This article was written by Adam Button at www.forexlive.com.

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