New House Sales Driving Electricity Sales
South now 57% of new house sales, Northeast/Midwest just 16%
November 2015 new house sales were 4 percent greater than the prior month and 9 percent greater than November 2014. More importantly, from the perspective of the electric utility industry, as well as the natural gas utility industry, new house sales in the South were 5 percent greater than the prior month and 19 percent greater than November 2014.
What happens in the South is crucial to the national numbers on electricity. To show why, look at the regional breakdown of electricity sales.
