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A Highly Questionable New Home Sales Report For December

Unstable and worthless headline reporting continued with the Census Bureau's latest estimate of new-home sales, which was for December 2014 in the current circumstance...As an example of the reporting absurdities here, consider that new-home sales in the Northeast rose by a headline 53.9% month-to-month in December, with a 90% confidence interval around that growth rate of plus-or-minus 95.9% - John Williams,…