New Home Sales Soar Most Since 2007 Driven By Southern Sales Surge

Tuesday, August 23, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 23, 2016

While the accuracy of the new home sales data is notorious volatile, with regular revisions wiping out both up and down-side outlier prints, moments ago the Census reported that in July, the US saw a whopping 654K new home sales, up 12.4%, from the prior month and higher by 31% from a year ago, smashing expectations of a 580K print, and a -2% decline from last month’s pre-revision print of 592K (since revised lower to 582K).

The Rest…HERE

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