New Home Sales

[Aecetia]

Good news: New home sales improved rose 26.9%

Economic Market News Today about New home sales improved in March.The New home sales have fastest single-month rate in 47 years.The reports from CNN News That government report released Friday, as buyers snatched up properties ahead of the tax credit that’s set to expire. New-home sales rose 26.9% to a seasonally adjusted annual rate of 411,000 last month, compared to an upwardly revised annual rate of 324,000 in February, the Census Bureau said. The gain snapped a four-month streak of declines. New home sales jumped 23.8% from March 2009. The March sales were the strongest since last July, when the annual rate was 419,000. The percentage gain was the biggest on a month-over-month basis since a 31% gain in March 1963.New-home sales spiked in every region of the United States. The South saw the biggest jump in new home sales, up 43.5%, while the Northeast region saw sales climb 35.7%. The West and Midwest regions both saw single-digit percentage growth, with the West up 6% and the Midwest up 4%.

forextrading.com/new-home-sales-improved-rose-269/

[Aecetia]

That is a short version of the address since I keep triggering the spam filter in case anyone cares. Trying to print something positive for a change…

[Aecetia]

That is a short version of the address since I keep triggering the spam filter in case anyone cares. Trying to print something positive for a change…

[Aecetia]

That is a short version of the address since I keep triggering the spam filter in case anyone cares. Trying to print something positive for a change…

[Aecetia]

That is a short version of the address since I keep triggering the spam filter in case anyone cares. Trying to print something positive for a change…

[Aecetia]

That is a short version of the address since I keep triggering the spam filter in case anyone cares. Trying to print something positive for a change…

[jpinpb]

Can’t pick up a stick w/out picking up both ends:

New home sales
“Still, new home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S economist with Capital Economics.”

[jpinpb]

Can’t pick up a stick w/out picking up both ends:

New home sales
“Still, new home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S economist with Capital Economics.”

[jpinpb]

Can’t pick up a stick w/out picking up both ends:

New home sales
“Still, new home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S economist with Capital Economics.”

[jpinpb]

Can’t pick up a stick w/out picking up both ends:

New home sales
“Still, new home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S economist with Capital Economics.”

[jpinpb]

Can’t pick up a stick w/out picking up both ends:

New home sales
“Still, new home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S economist with Capital Economics.”

[HLS]

Liars can figure and figures can lie. There is no accurate comparison to any previous month or quarter or time in history unless they were comparing a time that 30 year interest rates were at 5% AND a rebate was available to most buyers equal to about 5% of the national median house price and a very low down was required and people could qualify to be in debt for 50% of their gross income.

If sales WEREN’T better these days, the patient would be dead. In reality they are actually on life support.

Only a fool would imply that a jump from Feb to March 1963 has anything to do with people in 2010 who can barely afford Top Ramen being able to “buy” a house. It was harder to buy years ago, it’s still pretty easy today.

I’m sure that many people are paying $10K or more than they should, just so they can get an $8000 rebate. Voodoo economics. American consumer.

Unless comparisons are made to identical circumstances it’s ignorant, but what can we expect from official govt stats.

BLS U-6 unemployment is OFFICIALLY at 17%+ but the govt and media continue to spew that 9.7% is official unemployment and ignorant teleprompter readers just read what is put in front of them acting like investigative journalists.

IF at least 10% down was required to buy, there was no tax rebate and interest rates were at 6%+ the sales would be abysmal.

Leave it to the govt to report that umbrella sales in the fall & winter are up 10,000%+ over the summer and spin it into positive “economic news”
Bathing suit sales drop 95% from summer to winter,
You can mislead with all kinds of “statistics” by using meaningless comparisons to fool “themasses”

[HLS]

Liars can figure and figures can lie. There is no accurate comparison to any previous month or quarter or time in history unless they were comparing a time that 30 year interest rates were at 5% AND a rebate was available to most buyers equal to about 5% of the national median house price and a very low down was required and people could qualify to be in debt for 50% of their gross income.

If sales WEREN’T better these days, the patient would be dead. In reality they are actually on life support.

Only a fool would imply that a jump from Feb to March 1963 has anything to do with people in 2010 who can barely afford Top Ramen being able to “buy” a house. It was harder to buy years ago, it’s still pretty easy today.

I’m sure that many people are paying $10K or more than they should, just so they can get an $8000 rebate. Voodoo economics. American consumer.

Unless comparisons are made to identical circumstances it’s ignorant, but what can we expect from official govt stats.

BLS U-6 unemployment is OFFICIALLY at 17%+ but the govt and media continue to spew that 9.7% is official unemployment and ignorant teleprompter readers just read what is put in front of them acting like investigative journalists.

IF at least 10% down was required to buy, there was no tax rebate and interest rates were at 6%+ the sales would be abysmal.

Leave it to the govt to report that umbrella sales in the fall & winter are up 10,000%+ over the summer and spin it into positive “economic news”
Bathing suit sales drop 95% from summer to winter,
You can mislead with all kinds of “statistics” by using meaningless comparisons to fool “themasses”

[HLS]

Liars can figure and figures can lie. There is no accurate comparison to any previous month or quarter or time in history unless they were comparing a time that 30 year interest rates were at 5% AND a rebate was available to most buyers equal to about 5% of the national median house price and a very low down was required and people could qualify to be in debt for 50% of their gross income.

If sales WEREN’T better these days, the patient would be dead. In reality they are actually on life support.

Only a fool would imply that a jump from Feb to March 1963 has anything to do with people in 2010 who can barely afford Top Ramen being able to “buy” a house. It was harder to buy years ago, it’s still pretty easy today.

I’m sure that many people are paying $10K or more than they should, just so they can get an $8000 rebate. Voodoo economics. American consumer.

Unless comparisons are made to identical circumstances it’s ignorant, but what can we expect from official govt stats.

BLS U-6 unemployment is OFFICIALLY at 17%+ but the govt and media continue to spew that 9.7% is official unemployment and ignorant teleprompter readers just read what is put in front of them acting like investigative journalists.

IF at least 10% down was required to buy, there was no tax rebate and interest rates were at 6%+ the sales would be abysmal.

Leave it to the govt to report that umbrella sales in the fall & winter are up 10,000%+ over the summer and spin it into positive “economic news”
Bathing suit sales drop 95% from summer to winter,
You can mislead with all kinds of “statistics” by using meaningless comparisons to fool “themasses”

[HLS]

Liars can figure and figures can lie. There is no accurate comparison to any previous month or quarter or time in history unless they were comparing a time that 30 year interest rates were at 5% AND a rebate was available to most buyers equal to about 5% of the national median house price and a very low down was required and people could qualify to be in debt for 50% of their gross income.

If sales WEREN’T better these days, the patient would be dead. In reality they are actually on life support.

Only a fool would imply that a jump from Feb to March 1963 has anything to do with people in 2010 who can barely afford Top Ramen being able to “buy” a house. It was harder to buy years ago, it’s still pretty easy today.

I’m sure that many people are paying $10K or more than they should, just so they can get an $8000 rebate. Voodoo economics. American consumer.

Unless comparisons are made to identical circumstances it’s ignorant, but what can we expect from official govt stats.

BLS U-6 unemployment is OFFICIALLY at 17%+ but the govt and media continue to spew that 9.7% is official unemployment and ignorant teleprompter readers just read what is put in front of them acting like investigative journalists.

IF at least 10% down was required to buy, there was no tax rebate and interest rates were at 6%+ the sales would be abysmal.

Leave it to the govt to report that umbrella sales in the fall & winter are up 10,000%+ over the summer and spin it into positive “economic news”
Bathing suit sales drop 95% from summer to winter,
You can mislead with all kinds of “statistics” by using meaningless comparisons to fool “themasses”

[Author]

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