The Housing Recovery Was Just Cancelled (Again) Due To 5 Months Of Downward Revisions
by Tyler Durden
ZeroHedge.com
12/23/2015
Exactly one year ago, on December 23, 2014, we wrote that the housing recovery remains cancelled due to 6 months of downward revisions. As we revealed, “for the period May – November, the initial new home sales prints amount to 2.779MM houses. Post revision, the number plunges by 22% to 2.168K.”
It was about as glaringly obvious as it could get:
The Rest…HERE
