New-Homes Sales Rose 6.6% Last Month, Above Forecasts

Discussion in 'Economy' started by topspin, Oct 27, 2010.

  1. topspin
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    topspin BANNED

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    News Headlines
    New-Homes Sales Rose 6.6% Last Month, Above Forecasts
    Sales of new U.S. single-family homes rose more than expected in September, while prices rose and the supply of homes on the market was the lowest in 42 years, a government report showed Wednesday.

    The Commerce Department said sales rose 6.6 percent to a 307,000-unit annual rate from an unrevised 288,000-unit pace in August.
     
  2. loosecannon
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    loosecannon Senior Member

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    this does not compute!
     
  3. william the wie
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    william the wie Gold Member

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    Look at the baseline again.
     
  4. SFC Ollie
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    SFC Ollie Still Marching

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    And from your own link.....

    Sales were down 21.5 percent compared to September last year.


    DUH, this is not a good thing.
     
  5. topspin
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    topspin BANNED

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    Gunny your av hero for sure. Economics is not your specialty.
     
  6. SFC Ollie
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    SFC Ollie Still Marching

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    Never claimed to be an economist. But I sure can understand that down 21.5 % is not a good thing.
     
  7. loosecannon
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    loosecannon Senior Member

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    that computes, but the lowest inventory in 42 years absolutely does not compute.
     
  8. william the wie
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    william the wie Gold Member

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    no one was buying so no one was building. that brings inventory down fast. Plus the 50K mis and mal foreclosures being admitted to now is on every internet US business service I follow and it gets mentioned in passing even by some non-US services. Horror stories that go back 4-5 years are beginning to surface.
     

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