What’s Behind New Home Sales

By |2014-08-25T14:55:06-04:00August 25th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate|

New home sales rose on a year-over-year basis, but the adjusted figures suggest that says more about softness in July 2013 than strength in July 2014. Whatever the case may actually be, the seasonally-adjusted rate of home sales has been quite disappointing after the “surge” post-winter. In fact, that bounce has been all but revised away, leaving what looks like [...]