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

[topspin]

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.

 

[loosecannon]

this does not compute!

 

[william the wie]

this does not compute!

Look at the baseline again.

 

[SFC Ollie]

And from your own link.....

Sales were down 21.5 percent compared to September last year.


DUH, this is not a good thing.

 

[topspin]

Gunny your av hero for sure. Economics is not your specialty.

 

[SFC Ollie]

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

 

[loosecannon]

And from your own link.....

Sales were down 21.5 percent compared to September last year.


DUH, this is not a good thing.

that computes, but the lowest inventory in 42 years absolutely does not compute.

 

[william the wie]

And from your own link.....

Sales were down 21.5 percent compared to September last year.


DUH, this is not a good thing.

that computes, but the lowest inventory in 42 years absolutely does not compute.

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.