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A soft print in New Home Sales takes some of the starch out of an early stock rally, the S&P...

A soft print in New Home Sales takes some of the starch out of an early stock rally, the S&P 500 +0.3%. Seasonally adjusted sales were off 7.3% from November, but higher by 8.8% Y/Y. Sales in 2012 were 19.9% higher than 2011, the strongest gain since 1983. XHB flat.
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Comments (7)
  • bbro
    , contributor
    Comments (9834) | Send Message
     
    Completed new homes for sale 43,000...no recession has started unless
    this number got at least above 90,000 and most times well above
    100,000.
    25 Jan 2013, 10:11 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    Not good.
    25 Jan 2013, 10:29 AM Reply Like
  • jhooper
    , contributor
    Comments (6045) | Send Message
     
    The overall trend is still up. Granted it would be better not to have a dip, but let's wait and see if the trend suggests a change.
    25 Jan 2013, 01:59 PM Reply Like
  • bbro
    , contributor
    Comments (9834) | Send Message
     
    Not bad.
    25 Jan 2013, 10:51 AM Reply Like
  • june1234
    , contributor
    Comments (2650) | Send Message
     
    I preferred the Bloomberg headline: Purchases of new U.S. homes unexpectedly decreased in December, a temporary blemish. How do they know it's temporary, Jan numbers have not been released.
    25 Jan 2013, 02:07 PM Reply Like
  • pollyserial
    , contributor
    Comments (1093) | Send Message
     
    They know it's temporary because all news is good news and this market is never, ever going down -- got that mom and pop? Come on in! It's a can't-miss proposition. We're at what, 1500? What are you waiting for? ; )
    25 Jan 2013, 05:04 PM Reply Like
  • june1234
    , contributor
    Comments (2650) | Send Message
     
    I liked the comment why don't you try selling all the ones that are empty before building new ones.
    26 Jan 2013, 11:24 AM Reply Like
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