Are new-home sales really dropping? Check the margin of error, says research firm

John Burns Real Estate Consulting director of research Rick Palacios Jr. advises clients and industry pros to take monthly housing stats with a grain of salt.

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John Burns Real Estate Consulting director of research Rick Palacios Jr. says even though he saw plenty of industry professionals sharing the report and expressing concerns about the decline in new-home sales in both January and December, now is actually not the time to worry. In fact, he says new-home sales are on the rise, at least according to the firm’s own research that involves surveying 300 builders every month that account for approximately 17 percent of the nation’s new-home sales.