weekend thread, page-28

Here's Why New Home Sales Actually Missed Expectations

New residential home sales for June came in at seasonablly-adjusted 330,000 according to the Census Bureau, compared to consensus expectations for 310,000.
Still, May's previously reported new home sales were revised down in this June report, to 267,000 from 300,000. Thus, the two-month run rate is actually below the consensus view.
Calculation: 310,000 in June + 300,000 in May expected = 610,000 expected versus 330,000 in June + 267,000 in May actual = 597,000 actual. Thus before the release consensus expected 610,000 for the two month period May-June. After the release, the actual two-month figure is 597,000.




thanks to businessinsider.com