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ABC, NBC Ignore Grim Housing Report; Focus Instead on Selfie with Queen, 50 Shades of Grey Trailer
NewsBusters ^ | July 24, 2014 | Curtis Houck

Posted on 07/25/2014 7:51:10 AM PDT by george76

Both ABC World News with Diane Sawyer and NBC Nightly News failed to mention a new, troubling report from the Census Bureau on Thursday night that sales of new homes decreased by 8.1% in June and that May’s originally reported double-digit increase was revised lower, from almost 19% to only 8%.

The CBS Evening News did cover this story, but it only was in the form of a 12-second news brief from anchor Scott Pelley. Pelley grimly reported that: “Today's report on the housing market is raising concerns about the economic recovery. Sales of new homes dropped sharply last month, more than 8%, and that's the largest decline in nearly a year.”

...

Instead of reporting on the depressing news regarding our nation’s housing market (which is a key indicator of any country’s economic state), ABC World News and NBC Nightly News had other ideas for what to fill their precious air time with.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: abc; enemedia; housing; media; mediabias; msm; msn; nbc; newspapers; obamascandals; oldmedia

1 posted on 07/25/2014 7:51:10 AM PDT by george76
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To: george76

The key question is how many new homes were available to buy. If a lot went unsold, that’s one thing, but if they sold reasonably well but not as much was available, the story is entirely different.

Presumably, if customers wanted to buy new homes but couldn’t find anything suitable, they’d either put off their purchase or look at other alternatives.

The true state of the housing market is shown by the overall price structure, which of course varies by region.


2 posted on 07/25/2014 7:55:22 AM PDT by proxy_user
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To: george76
. . . sales of new homes decreased by 8.1% in June and that May’s originally reported double-digit increase was revised lower, from almost 19% to only 8%

In other words, the original May report was yet another fiction created only to stimulate irrational exuberance (shifting some sales forward a month and then inventing others out of thin air), and it failed because no one believes anything FedGov says under this administration.

3 posted on 07/25/2014 7:56:48 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: george76

Unexpectedly...again.


4 posted on 07/25/2014 7:57:48 AM PDT by Hotlanta Mike (‘You can avoid reality, but you can’t avoid the consequences of avoiding reality.’)
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To: Pollster1

This thing will not end well.....


5 posted on 07/25/2014 8:00:47 AM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: george76

ABCCBSNBCPBSCNN - they’re all fifth-column leftwing propaganda whores, and the local affiliate propagandacasters are just as bad, if Austin’s stations are any examples.


6 posted on 07/25/2014 8:01:48 AM PDT by Carl Vehse
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To: george76
Must be

BOOOOSHES FAULT!

IB'BF'

</sarc>

7 posted on 07/25/2014 8:11:03 AM PDT by A Formerly Proud Canadian (I once was blind but now I see...)
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To: F15Eagle

FedGov has lost credibility, legitimacy, and authority. What could go wrong?


8 posted on 07/25/2014 8:18:10 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: george76

Lead item if Bush was POTUS!


9 posted on 07/25/2014 8:34:47 AM PDT by golf lover (goingf)
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