[1]At 522,000 new homes sold (SAAR) in August - the highest since February 2008 - it is perhaps worth noting that this 'recovery' remains 60% below the prior bubble peak. Furthermore, this surge to new cycle highs comes in the same month as existing home sales plunged.
Spot The Disconnect #1...
[4]
Spot The Disconnect #2...
[5]
And here is the "recovery" in context:
[6]
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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.zerohedge.com/taxonomy_vtn/term/11361
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150924_home.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/sales%20vs%20Price.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/New%20Home%20Sales%20Aug.jpg
