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How to read the housing news

Posted By Tom Jackson On March 24, 2009 @ 11:16 am In Construction News | No Comments

It doesn’t take much to get a headline these days, but the whoopla over February housing sales was entirely misplaced.  [1] Note to media: home sales are seasonal. To get an accurate assessment of what’s going on compare this February with last February or February two and three years ago. Not this February to this January. A more accurate assessment: housing sales still stink.

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[1] entirely misplaced. : http://www.ritholtz.com/blog/2009/03/annual-existing-home-sales-errata/

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