FxWirePro: Daily Commodity Tracker - 21st March, 2022 
New home sales printed 490k in November, less than forecast (500k) and the consensus (505k) had expected, as prior months' sales data were revised lower by a net 39k. Single family sales improved in the West (135k, previous: 112k) and South regions (277k, previous: 265k), with sales in the latter area slowly recovering from recent weather-induced weakness. Northeast (25k, previous: 35k) and Midwest sales (53k, previous: 58k) softened a bit in November.
The three-month average pace of sales at 467k remains a bit depressed, with the September drop-off in activity still depressing the average. Months' supply decline a touch to 5.7 (previous: 5.8), still elevated from 5.1 three months ago.
"We view the data as consistent with our outlook for ongoing moderate gains in housing activity. Unit sales, average selling prices and the deflator for single family homes under construction all left our Q4 GDP tracking estimate unchanged at 1.5%",says Barclays.
