New home sales plummet to record low

[mEDITate-OR:

not see how really far down there we are...

This shows U.S. "The Bubble"...!!!

Wow.

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Said they:

"Housing data in May have been dismal.

Housing starts fell 10%, building permits fell 5.9%, mortgage applications dropped, and the home builders' index fell by five points.

The only bright spot was mortgage rates, which stayed very low."

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The 2nd article is the very good Bloomberg coverage. A must read.
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New home sales plummet to record low

http://money.cnn.com/2010/06/23/real_estate/new_home_sales/

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Sales of U.S. New Homes Plunged to Record Low in May

http://www.businessweek.com/news/2010-06-23/sales-of-u-s-new-homes-plunged-to-record-low-in-may.html

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