New Home Sales: Worst June on Record

[mEDITate-OR:

not even know how pessimistic you ought -

morally, economically, politically, legally, and mentally...

to be..., or not to be....

that is the question.

We did think that WE were The Real Pessimist...

little did we know...!!!

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

Note the Red columns for 2010.

In June 2010, 30 thousand new homes were sold (NSA).

This is a new record low for June.

The previous record low for the month of June was 34 thousand in 1982

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The second graph shows New Home Sales vs. recessions for the last 47 years.

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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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Monday, July 26, 2010

New Home Sales: Worst June on Record

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