New Home Sales - NOW and BEFORE THE SHIT HIT THE FAN

Discussion in 'Economy' started by Neubarth, Feb 28, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    NEW HOME SALES

    JAN 2010 309 K
    DEC 2009 342 K
    NOV 2009 370 K
    OCT 2009 430 K

    NEW HOME SALES BEFORE THE SHIT HIT THE FAN

    JAN 2006 1207 K
    DEC 2005 1298 K
    NOV 2005 1233 K

    To offset the error that there was a sudden building boom in 2005 - 2006 that has gone bust, I went back and got the numbers of new home sales for December of 2000. It was 1030K. With a lower population and less Green Card immigration, that number would coincide with the 1200K number of 2006. (i.e. there was not an outrageous building boom in houses, just an outrageous price increase.)

    There are people out there (especially in Washington) who will tell you that we are in recovery. Tell that to all of the millions who used to work new home construction. For some reason they fail to see the recovery. Maybe we should order them some rose colored glasses so everything will look cheerful????

    The lies of the present administration are so powerful that the Sheeple in our society think we are in some sort of recovery. When people are losing jobs left and right, we are not in recovery. We are still in a Depression era collapsing economy. Remember, in a service sector economy (70 percent of the American economy is service sector) rising unemployment as evidenced by UI claims as filed in the individual states are a leading indicator of further collapse in the economy.
     
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    Last edited: Feb 28, 2010
  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    and that sector will not see a "recovery"....the housing cycle was a BUBBLE....no? An artificial bubble....there should have never been that kind of rapid building of new homes in the first place, no?

    do you have statistics of what the yearly new home building was trending like BEFORE the Bubble...say mid to late 1990's?
     
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  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    Building permits and housing sales are two totally different topics and should have been separate topics but a moderator has combined the two. The issue of two separate topics is to demonstrate a broad based collapse in the economy that has effected both industrial construction and New Home Sales.

    BUILDING PERMITS NOW
    JAN 2010 621k
    DEC 2009 653 K

    BUILDING PERMITS BEFORE THE SHIT HIT THE FAN
    FEB 2006 2145 K
    JAN 2006 2217 K
    DEC 2005 2068K

    There are people out there (especially in Washington) who will tell you that we are in recovery. Tell that to all of the millions who used to work new construction. For some reason they fail to see the recovery. Maybe we should order them some rose colored glasses so everything will look cheerful????

    The lies of the present administration are so powerful that the Sheeple in our society think we are in some sort of recovery. When people are losing jobs left and right, we are not in recovery. We are still in a Depression era collapsing economy. Remember, in a service sector economy (70 percent of the American economy is service sector) rising unemployment as evidenced by UI claims as filed in the individual states are a leading indicator of further collapse in the economy.
     
    Last edited: Feb 28, 2010
  4. Truthmatters
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    Truthmatters BANNED

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    talking sense to this one will fall on deaf ears
     
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  5. uscitizen
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    uscitizen Senior Member

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    The economy we had building up to this recession was false and unsustainable.
     
  6. goldcatt
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    goldcatt Catch me if you can! Supporting Member

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    When people are treating their homes like a rental, moving on every three years or so, there is a problem. And that's exactly what was happening. Was a home really supposed to be traded in for a newer, bigger, more deluxe model as often as some people trade in their cars?

    It's funny, the higher the purchase price on the transfers I do, the more deeds and mortgages I tend to find within the last 10 years. Good for paying a lot of interest and fees, good for keeping a lot of very lackluster real estate professionals in the business, but VERY bad personal financial strategy. Perhaps ever bigger, better and newer isn't the wisest strategy after all?
     
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  7. uscitizen
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    uscitizen Senior Member

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    Are you wanting more of the same that brought us down?
     
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    Stats from fifteen years ago are available on several government sites. They would reflect the demographics of the time. Going back three to five years ago (as I have done) when the population had not changed that much is viable. Going back fifteen years with a lower population would necessitate a correction for population at the very least and for economic conditions which are a difficult variable to measure because of all the government dishonesty about the economic numbers.

    Remember, the housing boom was a housing price inflation bubble. The price was the issue, not the number of units being built. There was a demand for new houses when the economy had five percent unemployment. With actual unemployment running up to 25 percent in most states, the demand for houses is now waning.
     
  9. uscitizen
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    uscitizen Senior Member

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    Umm the demand drove the price up.
     
  10. mudwhistle
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    mudwhistle Diamond Member

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    So we need to be more like East Germany....or some 3rd world country.

    We shouldn't be growing but instead stagnating.

    Nice to see how you think. I'll keep it in mind.
     

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