There Goes The Housing “Recovery” Again: New Home Sales Plunge Most Since 2014

Tyler Durden's picture

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%.

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