Auto sales are up, so new home sales should follow … oh, really?

According to Business Week and Bank of America-Merrill Lynch…

Rising demand for cars and trucks signals U.S. new-home sales may jump soon.

Why?

Data from the U.S. Census Bureau and the Bureau of Economic Analysis says that new-home sales have tracked sales of lightweight vehicles in the past 40 years — and lightweight vehicles sales are on the rise.

Hmmm. 

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