Housing

Here’s a Picture of The Single Family Housing Recovery- Holy Cow!

Single Family Housing Recovery- Click to enlarge

Here’s a brief comment from leading analyst on the new home sales news. http://capitalstool.com/music/holycow.wav In case you’re wondering, the seasonally adjusted (SA) headline, larger than expected gain, was due to calendar factors and the bogus drill of annualizing monthly SA data, which merely magnifies the monthly error times 12. But hey, who thinks about that!…

Even With Growth, New Home Sales Still In A Depression

New Home Sales- Click to enlarge

There seems to be lots of confusion about today’s Commerce Department release on new home sales. The report showed that new home sales were at a seasonally adjusted annual rate of 467,000. Part of the confusions stems from the fact that that is a completely bogus, made up, fictitious number in the first place. Seasonal adjustments are…