September 29, 2014 Comments 0 0

The Case Against August’s New Home Sales Data

While the census bureau reported an 18% increase in new home sales month-over-month from July to August, not everybody is convinced of the accuracy of the data and how it reflects on the health of the housing market. With the downward slide in housing stocks continuing, it is clear that many professional investors are not buying the current recovery story – at least not for the short-term.

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Tags Census BureauNew Home SalesSeeking Alpha
Category Housing Market

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