Nov. New Home Sales: +5.5% to 290K vs. 300K expected, 275K (revised from 283K) prior. Months'...


Nov. New Home Sales: +5.5% to 290K vs. 300K expected, 275K (revised from 283K) prior. Months' supply 8.2 vs. 8.6 prior. Median price $213,000.
Comments (3)
  • Sqwii
    , contributor
    Comments (24) | Send Message
     
    Another bad news data today - but hey lets rally !! Why not - its only christmas once a year.....................
    23 Dec 2010, 10:13 AM Reply Like
  • Ohrama
    , contributor
    Comments (568) | Send Message
     
    Out of the 5.5% gain reported, approximately 3% came because prior data got revised down to 275K (from originally reported 23K). Fudged numbers seem to help every time (last month with higher number; this week to inflate the comparison with prior)!
    23 Dec 2010, 11:38 AM Reply Like
  • wysiwyfind
    , contributor
    Comments (22) | Send Message
     
    And just to add this from us builder types down here on ground level:
    YIKES...Thud! (The sound of my biz this year.)
    Going out of business...2010 drained all reserves, no cash, no real prospects, no hope.
    Thinking about opening a BBQ joint, or something.
    And just to add a positive, if not narcissistic note: Now is probably a good time to go long on the surviving big builders. Us little guys are dropping like flies. Good for the Big Boys, I suppose.
    24 Dec 2010, 07:54 AM Reply Like
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