Pending new home sales going wild

Very interesting, thanks for posting.

And the beat goes on…

Sales decreased 24.3% on a year-on-year basis in August. They have struggled to post significant gains since surging to a rate of 993,000 units in January, which was the highest since the end of 2006.

The median new house price shot up 20.1% to $390,000 from a year ago. Prices were unchanged on a monthly basis.