7/26/10

On New Home Sales and Media Propaganda

New home sales rebound 24%


CNN Money


Builders lifted by June new-home sales

Marketwatch

New Home Sales Increase


Wall Street Journal


June Sales of U.S. New Homes Climb More Than Forecast

Bloomberg

Instant View: New Home Sales Exceed Forecasts for June


ABC


New Home Sales: Worst June on Record

Ignore all the month to previous month comparisons.

May was revised down sharply and that makes the increase look significant.

...this was the worst June for new home sales on record.

CalculatedRisk

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