Seeking Alpha

New Home Sales decline in June

  • June New Home Sales: -8.1% to 406K vs. 479K expected, 442K prior (revised from 504K).
  • Median sales price $273.500.
Comments (6)
  • bbro
    , contributor
    Comments (10467) | Send Message
     
    Only 47,000 completed homes for sale.....In December 2007 this number was 198,000
    24 Jul 2014, 10:03 AM Reply Like
  • Ron Reed
    , contributor
    Comments (316) | Send Message
     
    47,000? No! 406,000 about 2x Dec 07 numbers.
    24 Jul 2014, 10:18 AM Reply Like
  • capitolp
    , contributor
    Comments (687) | Send Message
     
    Solar Vortex, When perfect weather is to blame.
    24 Jul 2014, 10:24 AM Reply Like
  • zhengliu
    , contributor
    Comments (17) | Send Message
     
    They gona blame life style changing? People are more willing to rent.
    24 Jul 2014, 12:57 PM Reply Like
  • awakeinwa
    , contributor
    Comments (353) | Send Message
     
    existing home sales were solid. meaning new homes are overpriced and scarce. people are biding their time for prices to drop. existing home sales are more affordable and aplenty.
    24 Jul 2014, 04:24 PM Reply Like
  • mrdirt
    , contributor
    Comments (640) | Send Message
     
    Maybe people are already tapped out. Collection nation: One out of three consumers have debts in collection over the past year. A total of 77 million Americans are having problems managing their debt. 22 million consumers have zero credit.
    http://bit.ly/1toUtDv.
    29 Jul 2014, 04:51 PM Reply Like
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