June's New Home Sales data is a major improvement over May, but gains are relative. It's possible that the true "new home market" may be softer than the statistics suggest.
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New Homes Sales Gain in June, But Gains Are Relative
There's A Very Good Reason Why The New Home Sales Data Plunged In November
One day after November's Existing Home Sales report blew away estimates, the Census Bureau's related New Homes Sales report failed to impress. In a lackluster showing, New Home Sales dropped 11 percent in November, falling to the lowest levels since April. Furthermore, the all-important "months of supply" climbed by a half-month to 7.9. ...
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