October new home sales just came in at 737K units, beating expectations of 715K. Solid beat, right? Here's the thing though—this report is seriously lagging. By the time we get these numbers, the market's already moved on to whatever's next. Still, the beat itself tells you something. Housing remains resilient despite higher rates, which matters for how the broader economy's holding up. For crypto investors who actually care about macro context, this is worth noting. Stronger housing data generally suggests consumer confidence isn't totally cratering, and that flows through to risk appetite across asset classes. Whether that translates to a bigger picture play though? That's the real question.