![New_Home](https://mikesmoneytalks.s3.us-west-2.amazonaws.com/wp-content/uploads/2010/06/01012014/New_Home.png)
From Haver Analytics:
New home sales data was released by the Census Bureau yesterday morning and it was ugly. The seasonally adjusted annual sales rate hit 300,000 units. That was down 33% from April, 18% from May 09, and a whopping 78% from the peak in Jul 05.
It was a record low for the series which dates back to 1963. The latest level was well short of Consensus expectations for 420,000 sales.