New Home Sales Data Disconnected From Reality; Moving Pieces to Stock Outlook
PUBLISHED: Monday, January 27, 2020
Our Macro Housing Quick Take reports provide our immediate perspective on publicly-released housing data, including existing home sales; pending home sales; new home sales; housing permits, starts and completions; homebuilder confidence; homeownership; and vacancy rates. Given the volatility and frequent restatements of many of these measures, separating fact from fiction is often required.