U.S. FEB. NEW HOME SALES REVISED TO 1.27M V. 1.23M
10:00am 04/26/05 U.S. MARCH NEW HOME INVENTORY 3.6-MONTH SUPPLY
10:00am 04/26/05 U.S. MARCH NEW HOME INVENTORY DOWN 0.9% TO 433,000
10:00am 04/26/05 U.S. MARCH NEW HOME SALES BEAT 1.19M EXPECTED
10:00am 04/26/05 U.S. MARCH NEW HOME SALES UP 12% TO RECORD 1.43 MILLION

Record New Home Sales….
Were you impressed?

I was not (more on this in an upcoming blog) but for now let’s take a look at the market’s reaction.


Click on image for enhanced view.


Click on image for enhanced view.

If the Market was not impressed, should anyone else be?
Looks to me as if it was all priced in if not more.

Mike Shedlock / Mish/