Moments ago new home sales came in at 369K [3], a "big beat" to expectations of a 347K print and up from the 343K previously. What does this mean? The chart below sums it up.
[4]
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[1]Moments ago new home sales came in at 369K [3], a "big beat" to expectations of a 347K print and up from the 343K previously. What does this mean? The chart below sums it up.
[4]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/275
[3] http://www.census.gov/construction/nrs/pdf/newressales.pdf
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/new%20home%20sales%20LT.png