Comments on: New Home Sales Highest in a Year, Inventory Measure of New Homes Lowest Since 2006 http://wallstreetpit.com/12447-new-home-sales-highest-in-a-year-inventory-measure-of-new-homes-lowest-since-2006 Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dennis Norman http://wallstreetpit.com/12447-new-home-sales-highest-in-a-year-inventory-measure-of-new-homes-lowest-since-2006#comment-83080 Dennis Norman Wed, 25 Nov 2009 20:51:28 +0000 http://wallstreetpit.com/?p=12447#comment-83080 We did see some good new home sales data in October, but remember the numbers being reported are "seasonally adjusted" and the unusual spike in new home sales in October that is not normal for the season probably has less to do about demand increasing and more to do with buyers rushing to buy a home before the credits were set to expire on November 30th (now extended)..I did a post with a complete analysis of the raw sales data showing that, based on ACTUAL sales, YTD new home sales are down 24 percent from last year...also almost 80 percent of sales were homes under $300,000 - the post is at: http://realestateconsumernews.com/real-estate-market/new-home-sales-in-us-through-october-up-5-1-percent-or-down-24-1-percent-from-a-year-ago-take-your-pick/ We did see some good new home sales data in October, but remember the numbers being reported are “seasonally adjusted” and the unusual spike in new home sales in October that is not normal for the season probably has less to do about demand increasing and more to do with buyers rushing to buy a home before the credits were set to expire on November 30th (now extended)..I did a post with a complete analysis of the raw sales data showing that, based on ACTUAL sales, YTD new home sales are down 24 percent from last year…also almost 80 percent of sales were homes under $300,000 – the post is at:

http://realestateconsumernews.com/real-estate-market/new-home-sales-in-us-through-october-up-5-1-percent-or-down-24-1-percent-from-a-year-ago-take-your-pick/

]]>