Perception versus application:
Consumer confidence declined in April for the third consecutive month, signaling Americans' concerns that economic growth is leveling off. But one area of the economy is still white hot: the government said sales of new homes shot up 12.2 percent last month to the highest level in history....[T]he Commerce Department said new single-family homes were sold at a seasonally adjusted annual rate of 1.43 million units in March, confounding the consensus forecast of a small decline in sales in March, a month when mortgage rates had been inching higher. Instead, sales climbed past the old all-time high of 1.3 million units at an annual rate set last October.
In fact, more than one sector of the market is strong. However widely an impression may be prevailing, what is it worth when it reflects behavior so poorly?