Submitted by Tyler Durden on 07/24/2015 10:08 -0400
Despite exuberant existing home sales, new home sales crosses back below the 500k Maginot Line to 482k SAAR – the lowest since Nov 2014.
Once again, NARis back to its old tricks. Previous data was revised dramatically lower as June data missed expectations by the most in a year.
The West region saw new home sales collapse 17%.
Continue reading “There Goes The Housing “Recovery” Again: New Home Sales Plunge Most Since 2014″