New Home Sales- Worst March Since 1998, But MSM Says Sales are Up
The Marketwatch headline today? New-Home Sales Inch Higher in March:
Boosted by warmer weather in the Northeast and Midwest, sales of new homes increased by 2.6% in March to a seasonally adjusted annual rate of 858,000, the Commerce Department reported Wednesday.
That is of course month-over-month. Year-over-year, [YOY] sales are down 23.5%. According to the Commerce Department:
Sales [...]