It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Friday, October 24, 2014

New Home Sales increased slightly to 467,000 Annual Rate in September

http://www.census.gov/construction/nrs/pdf/newressales.pdf

August sales were revised down from 504 thousand to 466 thousand, and July sales were revised down from 427 thousand to 404 thousand.

Did I just read that sales are essentially flat while prices dropped 9% in a single month!!? Wiping out the entire years worth of price gains!

That's not prices sinking, that's a cliff dive. Even if that number is annualized it's a horrific turnaround

Just enough push so that the headline could read increase. Skillfully crafted for the 6, 10 and 11 o'clock news dopes.

No comments:

Post a Comment