patrick.net

Earlier this year in "New Home Sales vs New Car Sales" we noted that new car sales were robust while new home sales were stagnant. The most recent data regarding new car and home sales indicate that dynamic remains the same.

New car sales were up 13.6% in October year over year and are approaching an annual record, while new home sales were down 11.5% in September and are at near all time lows.

Poor new home sales reflect the general state of the economy far better than the "robust" new car sales.

Here is why:

https://smaulgld.com/new-car-sales-vs-new-home-sales/
#realestate #economy