I know, prices paid are up which is the most reliable indicator of a strong economy…
And higher inventory is the best indicator of future sales and deliveries…
And it’s better than the May numbers…
;)
More seriously, the attached graph doesn’t look as bad as the breakdown.
![](https://moslereconomics.com/wp-content/graphs/2013/11/nov-phil-small.gif)
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![](https://moslereconomics.com/wp-content/graphs/2013/11/breakdown-small.gif)
Full size image