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It reports the fact, the lowest sales for new homes are at lowest but the data of september is at 464 k new homes against the revised 452 k of august and the expected number for september was 452k. This is not REIV crap but reliable data reported by the most reliable source (Bloomberg). Anyway...

Here is also the unexpected climb of new home sales in US: bloomberg

I agree with you that doesn't mean that the fall is finished, but it is a good sign, if volume would have been down more wouldn't you think it is a worst news? I also agree with you that more data need to be analised and later tonight the number of new home sold in september is released, it is...

Might be the housing slump in US about to the end or all these money fleeing the share market are moving to property (like it happened before). For sure increased volume mean increasing demand at these US home prices From Reuters