November New Home Sales Miss Expectations, Past Months Revised Down

The number:

290K vs. 300K.

Not really a big deal. This number is so tiny — the 10K miss is negligible.

Stocks are down just a little.

Background: Here it is, the last big economic data before the holiday. Actually “big” is an overstatement. This number is expected to come in at an annualized 300K, which is ridiculously low.

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