Stocks go flat on the new homes sales data!

With the wall street lurching from one bad report to another,this is certainly turning out to be one bad year for investment banking. With more and more companies coming out with their damage reports regarding their exposure to the Mortgage crisis, it is no wonder that the markets have all gone flat on the commerce departments report that the new homes sales data has fallen by more than 9%.
With the recent news that the comsumer confidence shown as being up, the hard core data belies that one totally, if the consumer confidence is indeed up and totally upbeat about the state of the economy, then shouldn't the number of new homes being bought go up?