"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

The Required Disclosures

The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Wednesday, January 26, 2011

New Home Sales

About an hour ago, I indicated that the analysts were looking for 300,000 new single-family home sales in December 2010.  Since then, the US Census Bureau has released its official report, and we actually hit a seasonally adjusted 329,000 (up from November's 280,000 but still behind December 2009's 356,000).  The median price of new homes sold in December was $241,500, while the average price was $291,400.
So yeah, that'll bring a little happiness to the markets.  Can you smell the sweet, sweet scent of trickle-down economic impact?

No comments:

Post a Comment