Chart of the Day: Absence of project launches pull home sales down 45.3% in December

But the full-year volume in 2017 is 34% higher than in 2016.

This chart from OrangeTee Research shows that home sales in December 2017 fell 45.3% MoM from 788 units to 431 units.

The fall was caused by seasonal factors and the absence of major launches.

However, December volumes are still 17.4% higher YoY, and the estimated full-year 2017 volume is 34% higher than in 2016.

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