Friday, August 23, 2013

It's The Economy Stupid: New Home Sales, A Horrible Number

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

New Home Sales

Jul

487K

394K

497K

455K

New Home Sales MoM

Jul

-2.0%

-13.4%

8.3%

3.6%

 

WOW!  This is a horrible number.  A huge miss in New Home Sales.  They estimated almost a half million homes sold, and it came in below 400 thousand at 394K. 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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