So the Bureau of Census minions released the June 2015 New Residential Sales report with the latest one-month lagging data, the May 2015 data.
The picture looks great. We have been headed in the right way the end of October 2010 although it has been a tough slog.
We're still far from peak sales, quite far. Quarter over quarter and year over year looks solid.
From an average price viewpoint, in True Dollars™, it continues to be the best time to buy. The May 2015 average price is -35.1% below the average price between January 1975 and July 1994.
Builders' confidence has stayed strong.
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