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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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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The press is referring to the May New Home Sales report as "poor". A closer look, however, shows that may not be the case.
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The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.
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