Tim Rood wrote an interesting post today on
Here’s a quick excerpt
New home sales dropped in February to a seasonally
adjusted annual rate of 411,000 units.
This was down 4.6 percent from the revised rate in January, downgraded
from the 437,000 originally reported to 431,000. February sales were 12.3 percent above the
366,000 reported for February 2012. On a
non-seasonally adjusted basis there were 33,000 new homes sold during the month
compared to 30,000 in both January and in February 2012.
At the end of February there were 152,000 new homes
for sale compared to 146,000 a year earlier.
However, because of the increase
in the rate of…
…(read more)
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Read the rest of this great post here