Israel's leader Benjamin Netanyahu said this morning "we will rectify this absurdity." We suspect he was talking about this chart!!
November saw the largest MoM rise in US New Home prices ever... ever! to an all-time record high $305,000.
Presenting: the Average New Home Price, try not to laugh:
Zoomed in:
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and zoomed out:
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And even Median is absurd...
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Chart: Bloomberg
Does US Macro data have any credibility left at all after this?
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Some context for this insanity, thanks to Logan [5]
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