New and Existing Home Sales Charts

Existing and New Home Sales were released over the last two trading days, and below we highlight ten year charts of each housing indicator.  Investors might have something to be excited about with Existing Home Sales since last month it broke above the miserable range it had been in for more than a year. 

But even though New Home Sales were slightly higher than the prior month, the chart still looks horrible, and it's definitely nothing to get bullish over.

click to enlarge