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Housing Sales Rock On...More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade

By CDM Staff

January 22, 2020

1 Comment

Housing Sales Rock On...More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade — *Real estate ad for Dolgeville, California (1905)*

Existing home sales firmly beat estimates today as Americans become more optimistic regarding their financial future as trade worries with China, and presidential impeachment, fade from view.

Existing Home Sales (MoM) (Dec) printed at 5.54M vs 5.43M consensus estimate.

Existing Home Sales Change (MoM) (Dec) rose 3.6% vs 1.2% estimate. This rise was the highest in two years.

Housing Price Index (MoM) (Nov) stayed steady at 0.2%.

Analysts contribute the rise in sales to strong demand, which will juice the housing construction business over the coming months as Winter turns to Spring.

'Progressive' business news painted this picture as bad for Americans, but the narrative falls flat.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."