What's behind the increase in new home sales?
What's behind the increase in new home sales?
The government on Wednesday said seasonally adjusted new home sales in August jumped by 20% from the previous month, which was a bigger increase than expected and marks a three year high. CBS News business analyst Jill Schlesinger explains what this means for the housing market.
Read the full article on CBS US
Truth Analysis
Analysis Summary:
The article claims a significant increase in new home sales. While the snippet is brief and lacks specific data points for verification, the claim of a 'three-year high' is difficult to verify directly with the provided sources. The article presents a potentially positive outlook on the housing market, which could indicate a slight bias.
Detailed Analysis:
- Claim: Seasonally adjusted new home sales in August jumped by 20% from the previous month.
- Assessment: Unverified. None of the provided sources directly confirm or deny this specific percentage increase.
- Claim: This increase marks a three-year high.
- Assessment: Unverified. None of the provided sources directly confirm or deny this claim.