By John McManus | Builder
September’s sales surge restores momentum to a market that had previously showed signs of hesitation
Who was surprised that new home sales beat Wall Street consensus estimates by a mile, turned on their heels from slippages in July and August, and put the benchmark back on solid footing to meet expectations for a better than respectable growth year in 2017?
At least a few were if you believe what you read in the Wall Street Journal account of the data release on Wednesday by staffer Laura Kusisto.
The report was greeted with widespread surprise by economists, most of whom expected modest declines in sales in September due to hurricanes in Florida and Texas.
