NEW HOUSE SALES ARE COLLAPSING! Oh No!

Discussion in 'Economy' started by Neubarth, Jan 26, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    NEW HOME SALES When sales have fallen to one quarter of what they used to be and are just fish flopping around like they have, you know that all those construction workers and real estate agents are out of work and do not look to being employed very soon.

    This is a catastrophy.

    NOV 2009 355 K
    OCT 2009 430 K
    SEP 2009 405 K
    AUG 2009 417 K
    JUL 2009 433 K
    JUN 2009 395 K
    MAY 2009 346 K
    APR 2009 344 K
    MAR 2009 351 K
    FEB 2009 358 K
    JAN 2009 322 K
    DEC 2008 344 K
    NOV 2008 388K
    OCT 2008 419K
    SEP 2008 457K
    AUG 2008 460K
    JUL 2008 520K
    JUN 2008 503K
    MAY 2008 533K
    APR 2008 525 K
    MAR 2008 509 K
    FEB 2008 575 K
    JAN 2008 601 K
    DEC 2007 634 K
    JULY 2007 867 K
    JUN 2007 834 K
    MAY 2007 893 K
    APR 2007 930 K
    MAR 2007 844 K
    FEB 2007 836 K
    JAN 2007 882 K
    DEC 2006 1123 K
    NOV 2006 1069 K
    OCT 2006 1013 K
    SEP 2006 1037
    AUG 2006 1009 K
    JUL 2006 1072 K
    JUN 2006 1120 K
    MAY 2006 1166 K
    APR 2006 1180 K
    MAR 2006 1142 K
    FEB 2006 1080 K
    JAN 2006 1207 K
    DEC 2005 1298 K
     
  2. Truthmatters
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    Doom and gloom whiner
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Refute his FACTS dear. Ohh I forgot you don't do THAT.
     
  4. Truthmatters
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    You dont get it do you?
     
  5. Truthmatters
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    The people on the right would say just that to anyone who was trying to warn about this economic disastor in the making.

    many burried their heads and said just that to the Cold Hard Facts.
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    The fact remains that the economy has collapsed and millions are losing their jobs every month. I am a registered Democrat who is fed up with overt corruption in the office of the presidency. It is time for violent revolution.
     
  7. driveby
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    driveby Gold Member

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    You are wrong sir, the housing market has been making a strong comeback for several months, Chris and Rightwinger told me so several times.........
     
  8. william the wie
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    william the wie Gold Member

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    Real estate deleveraging probably requires a return to mid-80s prices before it bottoms
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    The reality is in the stats above. As mentioned, most of those construction workers do not have viable work now, and have not had that work for two years or longer. I have a Samoan Island born step brother who is a roofer. He has only about one quarter of the jobs he used to have. Thank heavens roofs do degrade and have to be patched, or he would be on welfare. He is making it from day to day and is just barely keeping his family fed.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Worse than that, I suspect.

    Median home prices ought to be in line with median family incomes.

    They were out of line back in the 80s, too.

    They've been getting steadily more out of sync since about the early 70s.

    Real estate prices was a gigantic bubble, and it's not yet finished deflating.

    And if that is true, then the banks are in big trouble, and if that is true, then we (and the rest of the world more or less) are also in big trouble.

    I have no solution for this, but I know who I'd like to hang.
     

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