A company will often need to prepare and present facts and figures to people in the company
People find it much clearer to understand the data if it is presented graphically
The August numbers could also be inflated. Because new-home sales are recorded when the contract is signed, not when the deal is closed, the data does not factor in cancellations. Builders have said recently that cancellation rates are running as high as 30 percent, suggesting that the Commerce Department’s numbers make the housing market appear healthier than it actually is.Yesterday’s report showed that builders are indeed having more and more difficulty selling homes. The median price of a new home fell to $237,000, down 1.3 percent from August 2005.