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