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New Home Sales Biggest Monthly Decline In History——A Warning Shot
09-27-2016, 03:57 AM,
#1
New Home Sales Biggest Monthly Decline In History——A Warning Shot
New Home Sales Biggest Monthly Decline In History——A Warning Shot

The Commerce Department reported today that sales of newly built homes posted a seasonally adjusted month to month decline of 7.6% to an annualized rate of 609,000. This was near the consensus guess of economists of 602,000 according to the Wall Street Journal. In terms of the game of pin the tail on the donkey-economists it was a non-event. The…


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