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

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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?
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