Relevant and even prescient commentary on news, politics and the economy.

New home sales rebound, but downtrend in sales intact; prices continue to climb

New home sales rebound, but downtrend in sales intact; prices continue to climb In response to April’s dismal report, I wrote that “new home sales are heavily revised after the first report. It is not unusual at all for big monthly moves like this to suddenly look much less severe when the number gets revised […]