Housing Will Lead Us Out of Recession…But Obama Won’t…

28 Nov

In another expected “unexpected” post election development, the data for New Home Sales, which was manipulated to support the Obama campaign to an unlikely 389k (highest since April 2010) – thereby PROVING Obama’s policies were correct – have been “revised” – guess what…

Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High

When observed on an as is basis, in October there was a grand total of 29,000 new homes sold in the entire USA, with the Northeast representing a whopping… 2,000 of this. Oh and of the 29,000 houses sold, 9,000 were not even started. And finally, for those who enjoy pointing out the rise in home prices driven only and exclusively by foreclosure inventory stuffing and removal of all such real estate from the open markets, both the median and average new home price ($237,700 and $278,900) printed at at the lowest since June.

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11-2/New%20Home%20Sales%20Oct%20NSA.jpg

Can’t wait for the “unexpected” jobs and jobless claims post election revisions – coming soon!

Zero Hedge

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: