New home sales rise to 313,000 pace in September

Marketwatch ^ | 10.26.11 | Jeffry Bartash

[Free Vulcan]

Sales of new single-family U.S. homes rose by 5.7% in September as prices fell to the lowest level in nearly a year...New home sales climbed to an annual pace of 313,000 in September from August's slightly revised level of 296,000...

[Chickensoup]

am i understanding this stat correctly? Is it saying that this month’s numbers WOULD HAVE led to this years numbers if it had happened all 12 months. which it didnt.

[traderrob6]

Makes no sense. New home sales up even though raw materials costs remain high yet existing home sales are down even though prices are at historic lows. Does not compute.

[George from New England]

We out to invest in ‘Smoke and Mirrors’. That industry is only growing in popularity these days.

[George from New England]

out = ought

We ought to invest in ‘Smoke and Mirrors’. That industry is only growing in popularity these days.

[moovova]

The NAR’s including the tents at the OccupyMyAzz events...

[Thommas]

Here in the Dominion of Northern California, I see little evidence of home construction for the hoi poloi. I do see the occasional McMansion still being erected. Why should a young couple seek out a new tract home for $200K, when I see them buying foreclosures for $160K (6 acres, 1600sq.ft. home, barn and out buildings?)

Something smells ripe about this article.

[Chickensoup]

would this include trailers too?

[nascarnation]

Maybe this is all in the DC suburbs.

Baraq is adding staff at a ferocious clip.