2-Month Glut of Data Brings New Home Sales Back to Center of The Range

New home sales moved higher in March and February. Both months were reported on a single day this week as the Census Bureau continues catching up from the government shutdown.  After dropping to 587k in January, sales rose to 635k in February and 682k in March. This represents a solid bounce back into the center of the broadly sideways range that’s been intact for the past 2 years.  For-sale inventory edged…