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To: yard_man who wrote (231279)	3/26/2003 1:25:34 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

10:00 ET New Home Sales for Feb at 854 K vs consensus of 927 K The drop in Feb to 854 K brings the slide off the Dec record high to 20% (Jan revised to 929 K from 914 K). Decline in this volatile series of data attributed to weather and not to a change in dynamics given the record low mortgage rates and the strong level in the MBA purchase index. ======================================================================= Hmmm decline due to weather When it goes up is it ever attributed to weather? Is weather a one way event? M