Oct 26, 2011
Census Bureau: New-home sales down slightly in September… maybe
26 Oct 2011
Posted by Andrew Kantor
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.