Tuesday, August 26, 2014

July New Home Sales Tank

by David Kranzler
Investment Research Dynamics

July is typically the 2nd or 3rd best month of the year for home sales. This should especially be true this year given that mortgage rates are at their lowest in almost a year and the banks are relaxing credit standards. But today’s new home sales report showed the lowest monthly rate of sales since March and it was well below the sales rates reported during the so-called “polar vortex” months.
I have presented a detailed analysis of new home sales which you can read here: July New Home Sales
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