Wednesday, November 29, 2006

new home sales down 25,4% yoy

more on incentives and the revisions

U.S. July, Aug., Sept. new-home sales revised lower (total 64.000)
U.S. new-home sales down 25.4% year-on-year

U.S. Oct. new-home inventory falls 0.7%, 7-month
that is without counting the cancellations .......
U.S. Oct. new-home median price up 2% y-o-y to $248, 500 (back out incentives and its a different picture..)
U.S. Oct. new-home sales fall 3.2% to 1.004 mln pace

Sales fell in three of four regions. They dropped 39 percent in the Northeast, 5.6 percent in the Midwest and 1.7 percent in the South. They rose 3.2 percent in the West.


make sure you see all the graphs from calculated risk!,

paper money



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