Can You Believe Market Statistics? Kind of – but Look Closely
The change between July and August could have been anywhere between a 5.7% drop and a 15.3% gain.
The headlines about residential housing sales Thursday were triumphant. “Sales of new homes surged 4.8% in August,” reported ABC. “U.S. new home sales rise to near 14-year high,” noted Reuters. “New home sales surge to highest level since before the Great Recession,” MarketWatch said.
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