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New Home Sales Surge To Highest Since Feb 2008 (As Existing Home Sales Plunge)

At 522,000 new homes sold (SAAR) in August - the highest since February 2008 - it is perhaps worth noting that this 'recovery' remains 60% below the prior bubble peak. Furthermore, this surge to new cycle highs comes in the same month as existing home sales plunged.


Spot The Disconnect #1...


Spot The Disconnect #2...


Charts: Bloomberg