Census Bureau: New-home sales down slightly in September… maybe

According to the Census Bureau and HUD, sales of new single-family houses in September were down almost a percent from September 2010. Bad news? Yes, if that number meant anything. The press release also says that the figure is ±16.3%. So new-home sales could have been anywhere from down 17.2% to up 15.4%.Welcome to the world of sampling error.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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