Harris Ethan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lets start with breaking news on housing. New home sales for april hitting the wire. Mike mckee is with us. It looks to be at 6 . Lessat would seem to be than forecast. You have to look at the revision pretty Commerce Department revised the last years newhome sales numbers. That pushed up the march number. March had fallen off a cliff. Now it is much better. It had been a 14 decline. It is nothing like that now. The increase is good. 14 . decline instead of the increase looks better than it might have otherwise. We did ask three questions about this report earlier. Here is what we can tell. The first question was, was it the winter effect . Hard to know because newhome sales did not increase in the northeast. You would think that would have happened because the storms were over. There were storms in the midwest and south. Whetherconclusive on there might have been more home buying. More people bought at the lower end of the s ....

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