New Home Sales collapse to Record Low in May + Mortgage Purchase Applications Decrease

[mEDITate-OR:

watch déjà vu all over again....

Existing sales, and now new home sales, collapse.

WOW.

They @ Calculated Risk told U.S. that it would BE bad.

But, nobody thought it would actually be THIS bad.
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Please, go to Calculated Risk.
a - to read Jim's comments
and
b - to click on the charts to see them @ large.
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New Home Sales collapse to Record Low in May

http://www.calculatedriskblog.com/2010/06/new-home-sales-collapse-to-record-low.html

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The first graph shows monthly new home sales
(NSA - Not Seasonally Adjusted)

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And another long term graph - this one for New Home Months of Supply.

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The final graph shows new home inventory.

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MBA: Mortgage Purchase Applications Decrease in Weekly Survey

http://www.calculatedriskblog.com/2010/06/mba-mortgage-purchase-applications_23.html

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This graph shows the MBA Purchase Index and four week moving average since 1990.

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