CNBC/Reuters want's you to think everything is peachy:
Headline: New Home Sales Surge in June, Inventory at 42-Year Low
But a different view over at Calculated Risk: New Home Sales: Worst June on Record
Ignore all the month to previous month comparisons. May was revised down sharply and that makes the increase look significant.
Both are technically true, so who do you trust in terms of where this economy is headed?