Home sales “unexpectedly” revised for mass media headlines

I’m not sure if The Associated Press is now a subsidiary of the National Association of Realtors, but their headlines sure make them seem that way…

Home sales unexpectedly rise in April :

Sales of new homes rose in April for the first time in six months although the unexpected increase still left activity near the lowest level in 17 years.

The headline should have said…

“Home sales ‘unexpectedly’ revised downward for March so April’s look much better, and we hope the NAR will stop telling their members that the housing decline is entirely the fault of the press”

The downward revision / “this month’s great” game has been going on for some time.

UPDATE: Even easier – New Home Sales Fall 42%.