Here's the gist of the release:
Sales of new single-family houses in September 2012 were at a seasonally adjusted annual rate of 389,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 5.7 percent (±14.8%)* above the revised August rate of 368,000 and is 27.1 percent (±19.3%) above the
September 2011 estimate of 306,000.
Here's the data that "supports" the +5.7% claim:
August 2012: 31,000 placed under contract ±14.8%
September 2012: 31,000 placed under contract ±14.8%
That's the thing to keep in mind. Seasonality has been wrung out of the new homes market. Don't trust the SA factors being used.
1 comment:
Off topic but an interesting electoral result:
http://www.realclearpolitics.com/epolls/2012/president/obama_vs_romney_create_your_own_electoral_college_map.html?map=HI_1,AK_5,FL_6,NH_3,MI_3,VT_1,ME_2,RI_1,NY_1,PA_3,NJ_3,DE_1,MD_1,VA_7,WV_5,OH_3,IN_6,IL_1,CT_2,WI_7,NC_7,DC_1,MA_1,TN_6,AR_5,MO_6,GA_6,SC_6,KY_5,AL_5,LA_5,MS_5,IA_7,MN_3,OK_5,TX_6,NM_2,KS_5,NE_5,SD_6,ND_6,WY_5,MT_7,CO_3,ID_5,UT_5,AZ_7,NV_7,OR_2,WA_1,CA_1
Obama 268, Romney 270.
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