Kudos to him once again.
The Average slipped from last month's bounce up.
But as he also alludes to in his commentary, with sales down 30% from last Sept and inventory being up double digits from last year, things may look better than they really are due to the big sales.
The HPI may tell the story this time, despite all the concerns expressed in many venues regarding it's veracity.
Fun with quant: MS Business Conditions edition - Marketwatch recently reported that Morgan Stanley's Business Conditions Index had deteriorated to levels last seen during the 2007-08 financial crisis. Wow...
8 hours ago