The 2017 housing stall continues

Yesterday’s new home sales report — subject always, to sharp revisions — for now confirms the slowdown in the housing market. Although the previous months were revised higher, sales of new single family homes have failed to make a new high for — months (blue in the graph below), and confirm the stagnation shown by the much less volatile metric of permits for single family homes (red):

Source: XE news feed
The 2017 housing stall continues