Let's see. May was revised down from 1.234 to 1.66. June is at 1.31, to be revised downward. There's a good chance we are already below 1.1
As far a a soft landing. Refer the Mozilo quote.
Thanks, CR!
I've seen charts like this one before and the New Home Sales chart looks like it is going to crash..
It's also interesting in this graph that new home sales pick right up at the end of a recession. Good to keep that in mind for the future.
Three things that struck me about this graph:
1) The boom in sales after a recession (I'll get my cash ready for that one).
2) Why didn't new home sales trend up with population increases from 1971-1991?
3) Why is the latest peak so far off the mean and almost double previous peaks?
Let's see. May was revised down from 1.234 to 1.66. June is at 1.31, to be revised downward.
There's a good chance we are already below 1.1
As far a a soft landing. Refer the Mozilo quote.
Thanks, CR!
I've seen charts like this one before and the New Home Sales chart looks like it is going to crash..
It's also interesting in this graph that new home sales pick right up at the end of a recession. Good to keep that in mind for the future.
Three things that struck me about this graph:
1) The boom in sales after a recession (I'll get my cash ready for that one).
2) Why didn't new home sales trend up with population increases from 1971-1991?
3) Why is the latest peak so far off the mean and almost double previous peaks?