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Inflation Is Hurting Americans In The Form Of New Home Sales Prices

inflation in new home sales
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EDITOR'S NOTE: The most recent way “inflation is clubbing Americans to death,” according to Confounded Interest, is with new home prices. The outlet reports that November’s numbers show, “New Home Sales declined 14% YoY while the median price of New Home Sales is up 18.8% YoY.” This is being driven by an explosion (+53%) in new home sales out West, while the Midwest is down 25.35%. Wherever you live, though, the truth remains, inflation is showing up everywhere and eroding your purchasing power and your hard-earned savings. 

Inflation keeps clubbing Americans to death. This time in the form of New Home Sales prices.

November’s New Home Sales figures are out. New Home Sales declined 14% YoY while the median price of New Home Sales is up 18.8% YoY.

Photo: Confounded Interest

The West saw a MoM increase in new home sales of 53%! While the Midwest saw a decline of -25.35%.

Photo: Confounded Interest

I can this the Baker Mayfield effect. The Los Angeles Chargers drafted superb QB Justin Herbert, the Cleveland Browns drafted QB Baker Mayfield. The West wins, the Midwest loses.

Photo: Confounded Interest

As a long-time Browns fan, I dread the upcoming Browns-Packers game.

Originally posted on Confounded Interest.

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