Posted on 12/23/2009 10:56:06 AM PST by Lou Budvis
This news may surprise some who heard yesterday that the housing market grew 7% in November, but that was the resale market — which has a key difference in measurement. Resales get calculated when the sales close, where new housing sales get calculated when the deal is made:
Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky.
(Excerpt) Read more at hotair.com ...
Unexpectedly!!!! LOL!!!! I don't think so!!!
There is still a glut of existing homes on the market. It is hard to justify building a new one right now
All lies, lies and more lies.
Obama fixed all of this, just like he created all of those shovel ready jobs and sent us all of that free money.
Quit picking on him... he be taking care of us.
4 empty homes just on my block!
Drive out to the McMansions in the farms fields and even more are empty.
I liked it better when they were growing tomatoes, peppers, and other good things out there instead of empty houses.
“Quit picking on him... he be taking care of us.”
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Yeah, he sho be doin’ dat don’t he? Kinda like when Big Tony look around at one o’ da made men an’ he say sumpin’ lak, “Take care o’ him fo’ me” and da made man he say, “Sho nuff boss”. You better believe somebody gon’ git took care of alright.
You’re better at that than me. ;>)
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