Tim Rood wrote an interesting post today on
Here’s a quick excerpt
After rising by a revised 3.2 percent January, New Home Sales
fell 3.3 percent in February according to data released today by The
Census Bureau and the Department of Housing and Urban Development. The
annualized sales pace of 440k homes is the lowest since September 2013.
Perhaps more telling from a momentum standpoint, year-over-year
sales (Feb 2014 vs Feb 2013 in this case) were negative for the first
time since September 2011. At that time, annual momentum was in the
process of improving, and the only other post-crisis move into negative
territory came after the homebuyer tax credit expiration in 2010. That
means today’s data is the first move from an established positive trend
into negative territory since 2006.
…(read more)
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Read the rest of this great post here