This was the headline
‘July New Home Sales up 9.6%’
From Realmoney.com we borrow following chart in order to put this number in perspective:
‘July New Home Sales up 9.6%’
From Realmoney.com we borrow following chart in order to put this number in perspective:
Look out: SAAR means seasonal adjusted. So this figure can be meaningful but at the other hand: it’s still worse than 95% of all the other months over the last 50 years.
Anyway, the pace of the downfall we experienced last two years will slow down. We hope.
Anyway, the pace of the downfall we experienced last two years will slow down. We hope.
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