Wednesday, March 23, 2011

New Home Sales awful but I say good, again

Feb New Home sales, a measure of contract signings of new homes, totaled 250k, the lowest on record dating back to 1963 and 40k below expectations. Sales in all 4 regions fell. To put into perspective, US population size in 1963 was 190mm vs 310mm today. In Jan 1963, new home sales totaled 591k. With [...]

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