Sales of new one-family houses in April 2008 were at a seasonally adjusted annual rate of 526,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 3.3% (±11.7%)* above the revised March rate of 509,000, but is 42.0% (±8.1%) below the April 2007 estimate of 907,000.
As we discussed ad nauseum, given the margin of error, the monthly change is not statistically significant . . .
courtesy of Barron’s Econoday
New Home Sales in April
* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.