More mixed signals in the housing market

The picture of the housing market go a little bit less murky this week, and a little bit brighter. First of all, new home sales, while down from the July peak, continued with the upward trend.  Thhis is best shwon by comparing the more noisy monthly data (blue) with the quarterly average (red): The quarter over quarter trend has been relentlessly positive this year.  In fact, the 3 best months in the last 8 years have been #1 July, #2 September, and #3 August. This is, needless to say, a significant positive. What remains murky is the relationship between this…

Source: XE news feed
More mixed signals in the housing market