Thursday, February 24, 2011

New Home Sales Dismal

[mEDITate-OR:
As Pooh says: keep "Being who you are."
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JGBellHimself
Feb 24 03:49 PM
Zack: While you did notice the wild West number, you did not emphasize how ridiculous it really is.
Saying we should ignore it, or not take notice, is in error.
Almost ALL news & commentators, yourself included, thought last month was TOO wonderful, except for words; and appear to think that this month you know/trust what you're seeing.

Something very odd is going on:
Regional Numbers show this:
In the West, sales pulled back in January, falling 36.5% to 66,000 units
after a 62.5% jump in December.
Does that mean they are 62 - 36 or UP by 26%?
What we thought was totally ridiculous last month, is shown to be that this month.

However, that does NOT tell U.S. what is really, truly going on.
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New Home Sales Dismal
http://seekingalpha.com/article/254817-new-home-sales-dismal?source=dashboard_macro-view#comment_update_link
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