January new home sales plunged 17.6%

a huge miss on January. New home sales 587,000 seasonally adjusted annualized rate. Street was looking for 719,000.The month before it was 745,000. This again is January because the data is still delayed one month. Inventory jumped to a 9.7% month supply from a 7.6% month supply.The home price was $400,500 down 4% year-over-year. Now, it's important to note that these contracts were signed in January. That's how the count is done.So, it's people out shopping when mortgage rates were actually lower than they ...