New Home Sales Come In Better Than Expected

Vegas Homes

Photo: seanthornburg via flickr

Headline: 2.1% month-over-month decline, 319K annualized.
Expectations: 4% month-over-month decline, 310K annualized.

Analysis: This number came in better than expected but the market shows continued weakness.

Notably, last month’s new home sales were revised down to only 6.5% growth.

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