New Home Sales Tumble As Prices Hit 2-Year Lows

Following July’s exuberant spike, August saw new home sales tumbled 7.6% MoM (better than expected 8.3% drop)catching down to Existing and Pending Home Sales (and Housing Starts) plunge. Perhaps more problematic, the median new home price slipped to $284k, its lowest since September 2014.
Spot the odd one out…

This post was published at Zero Hedge on Sep 26, 2016.