– New Home Sales Data Goes Full Retard With Report Frozen Northeast Saw 153% Surge (ZeroHedge, March 24, 2015):
This is how ridiculous goverment data has become: in the same month in which both Housing Starts and Existing Home sales significantly missed expectations, misses which were promptly blamed on the weather, the Census Bureau moments ago released a stunner of a New Home Sales number, which supposedly rose from an upward revised 500K to 539K, a 25% spike from a year ago and up 7.8% from January, which incidentally is also the highest number since February 2008, even as the median home price dropped to the lowest since September. All of this would be great… if it was remotely credible. It isn’t.
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Do they really think lying and twisting statistics will make it better for Americans?
Remember, there are lies, damn lies and statistics.