There Goes The Housing “Recovery” Again: New Home Sales Plunge Most Since 2014
by Tyler Durden
ZeroHedge.com
07/24/2015
Despite exuberant existing home sales, new home sales crosses back below the 500k Maginot Line to 482k SAAR – the lowest since Nov 2014. Previous data was revised notably lower as June data missed expectations by the most in a year. The West region saw new home sales collapse 17%. Perhaps the slide in single-family home starts means something after all?
The Rest…HERE
