New Home Sales Data Belies Continued Weakness; Don’t Be Fooled
Several media outlets are presenting today’s new home sales data as a positive, as September sales rose to an adjusted annualized rate of 464k, and 2.7% from August levels. But besides being unreliable (the rise was primarily based on a downward adjustment to the Aug. numbers), new home sales - when adjusted for population growth [...]
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New home sales reach new record lows
(The Mess That Greenspan Made, 2/24/10)
New home sales back to near all-time lows
(The Mess That Greenspan Made, 1/27/10)
New Home Sales Plunge 11% In January
(Phil’s Stock World - Members S..., 2/24/10)
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