Monday, October 02, 2006

spinning the headline / pending home sales

der spin geht weiter. siehe auch
http://immobilienblasen.blogspot.com/2006/09/new-home-sales-down-174-yy.html

AUGUST PRIVATE RESIDENTIAL CONSTRUCTION SPENDING DOWN 1.5%
U.S. PENDING HOME SALES DOWN 14.1% YEAR-ON-YEAR
U.S. AUGUST FEDERAL CONSTRUCTION SPENDING DOWN 4.3%
U.S. AUG. PENDING HOME SALES RISE 4.3%
U.S. AUGUST CONSTRUCTION SPENDING RISES 0.3%

Pending sales of U.S. existing homes rose by 4.3% in August, indicating the housing market may be stabilizing, the National Association of Realtors said Monday. Pending-home sales are down 14.1% in the past year, the real estate industry group said. Sales are recorded as “pending” when a sales contract is signed; they are recorded as “sold” when the sale closes, usually one or two months later. “Our sense is that home sales may have reached a low in August,”http://immobilienblasen.blogspot.com/2006/08/bagdad-bob-lebt.html said David Lereah, chief economist for the NAR in a statement. The pending-sales index rose 9.2% in the West, 4% in the South and 3.6% in the Northeast. The index was flat in the Midwest

jan-martin

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