Unrevised July 1.072M
Unrevised August 1.050M
So between the unrevised number, it’s actually a drop of 2%.
Now what they did was to compare unrevised August with revised July. Remember, the revised numbers has been lower than the unrevised ones.
Revised July 1.009M (lowered from 1.072M)
Unrevised August 1.050M
Now, they are claiming 4% gain, instead of 2% drop.
Of cource the headlines proclaimed loudly 4% gain, and that
the worst is over, which is far from truth.
In any case, these numbers have high margin of errors. Also, they counted the number of contracts signed, but they did not substract the number of contracts cancelled, which can run higher than 30% for some builders.
