Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

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