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dislike another view of another's views
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An entry below has CR charts and comments,
these are other media's thoughts & views.
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It's important to keep in mind how low sales were in October to put November's 5.5% increase in context.
If October's original sales rate hadn't been revised, November's increase would have been just 2.5%
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The seven lowest months on record (back to 1963) for new home sales have all been in the last seven months.
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Regionally, things were all over the map.
New home sales in the West soared by 37.3% on the month but are down 16.5%% year over year.
The South is the biggest and therefore most important of the Census regions when it comes to housing data it was up 5.8% on the month, but down 12.7% from a year ago.
Worst hit for both the month was the Northeast. There sales plunged 26.7% on the month and are off 29.0% from a year ago.
Sales in the Midwest were off 13.3% from September and are down 53.5% from a year ago, easily making it the hardest hit on a year-over-year basis.
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New Home Sales Up 5.5% in November but Still Very Low
http://www.theatlantic.com/
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Sales of newly built homes rise 5.5% in November from October
The increase is the second indication this week that the housing market is showing signs of stability.
But sales were still 21.2% below November 2009.
http://www.latimes.com/
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Home Sales Struggled Again in November
http://www.nytimes.com/2010/
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