Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

New Home Sales Paint Completely Different Picture Versus Last Month

Last month’s New Home Sales data from the Census Bureau was a real downer.  It showed sharp declines in sales and a puzzlingly abrupt jump in inventory levels.  One thing we used to point out about this data series was its immense margins of error.  These could frequently result in major revisions that ended up painting completely different pictures compared to the initial release. For whatever reason, the size of those revisions remained stable enough

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