Real estate's June report card

Relying on data without understanding the methodology can lead to wrong conclusions. For example, the Census Bureau is reporting that new-home sales are only down 6 percent from one year ago, which we know is incorrect. For accurate new-home sales estimates, see the press releases of publicly traded home builders -- all of whom are reporting sales (orders) that are down 20 percent-40 percent from one year ago. more...

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