« Home | China To Begin Mobile TV Trials in 2007 for 2008 O... » | China Has 431 million Mobile Users » | Bear Stearns Upgrades XM Satellite » | Guest Posting from George Soros » | Salesforce.com Partners With Google To Attack SMB » | Melissa Doi's 911 Call from the WTC » | Sansa E-280 Lets Sandisk Takes A Bite Out of Apple... » | Deckers Outdoor On Deck » | Your Brain Boots Up Live A Computer in the Morning... » | Merck Loses Another Vioxx Lawsuit »

August 24, 2006

New Home Sales Drop in July

posted by MR WAVETHEORY at 8/24/2006 04:45:00 PM
The drop in new home sales in July is another sign that the economy is cooling off. What is staggering is not the level by which sales dropped, but the amount of unsold inventories.

The July level of 1.072 million units sold was down 21.6 percent from a year earlier and below the 1.100 million that had been expected by analysts.

The inventory of unsold new homes reached 568,000 at the end of July, up from 562,000 in June and an all-time high.

Will the housing market continue to drop?

I believe this is the question that everyone has in mind. I believe it is necessary to look beyond the headlines numbers. When prices reach record levels, it is only reasonable to expect many sellers to emerge. I believe new supply is being brought onto market by homeowners who may not have originally thought about selling their homes. Currently, we are in a period where the market is digesting this new supply of homes which previously were not available.

Will the housing market firm up?

In the same story, the author pointed out that unemployment claims actually slipped.

And the Labor Department reported Thursday that the number of Americans filing claims for unemployment benefits last week slipped by 1,000 to 313,000.

This can mean several things. 1) Job creation is still strong. 2) Unemployed workers have left the category of unemployed searching for jobs - and stopped looking. 3) The labor force is shrinking Homeowners are selling their houses and cashing out and retiring.

Prospective home buyers have turned cautious about making such a big-ticket purchase as mortgage rates have gone up and uncertainty has risen over whether the economy and job creation will keep slowing, analysts said.

Related Link:
New Home Sales Drop 4.3 Percent in July

Previous Posts

5 Comments:

Blogger Microsoft Office 2007 said...

Microsoft Office 2010
Office 2010
Office 2007
Microsoft Office
Microsoft Office 2007
Office 2007 key
Office 2007 download
Office 2007 Professional
Windows 7
Microsoft outlook 2010

6:34 PM  
Blogger ninest123 Ninest said...

ninest123 12.23
nike free pas cher, hogan outlet, nike trainers, north face, hollister, mulberry, vans pas cher, air jordan, nike blazer, vanessa bruno, louboutin, nike air force, polo lacoste, air max, timberland, abercrombie and fitch, true religion jeans, michael kors outlet, sac longchamp pas cher, polo ralph lauren, longchamp, true religion jeans, nike tn, lululemon outlet online, nike roshe run pas cher, michael kors pas cher, oakley pas cher, nike free, michael kors uk, air max pas cher, true religion outlet, sac hermes, ray ban sunglasses, hollister, ralph lauren, ray ban pas cher, coach purses, michael kors, true religion outlet, air max, nike roshe, new balance pas cher, north face, sac guess, sac burberry, coach outlet store online, converse pas cher, replica handbags, nike air max, nike huaraches

12:13 AM  
Blogger ninest123 Ninest said...

louis vuitton, air max, ray ban sunglasses, oakley sunglasses, burberry outlet, uggs, cheap uggs, michael kors outlet, christian louboutin, tiffany and co, prada outlet, louis vuitton outlet stores, ray ban sunglasses, cheap oakley sunglasses, longchamp handbags, uggs outlet, tiffany and co, nike shoes, tory burch outlet, ray ban sunglasses, longchamp handbags, oakley sunglasses, polo ralph lauren outlet, michael kors outlet, michael kors outlet online sale, chanel handbags, michael kors outlet, louis vuitton handbags, air max, louboutin outlet, burberry outlet, oakley sunglasses cheap, ugg outlet, louboutin, michael kors outlet, prada handbags, louis vuitton outlet, polo ralph lauren, nike free, replica watches, ugg boots clearance, michael kors outlet, louboutin shoes, jordan shoes, rolex watches, oakley sunglasses, louis vuitton outlet, gucci outlet, longchamp outlet

12:16 AM  
Blogger ninest123 Ninest said...

converse, mcm handbags, reebok outlet, bottega veneta, p90x, chi flat iron, hollister clothing store, ray ban, jimmy choo outlet, lululemon outlet, nfl jerseys, iphone 6s cases, soccer jerseys, wedding dresses, louboutin, babyliss pro, beats by dre, north face outlet, ferragamo shoes, gucci, abercrombie, instyler, iphone 6s plus cases, asics running shoes, celine handbags, abercrombie and fitch, iphone 5s cases, ghd, vans, valentino shoes, air max, oakley, ipad cases, giuseppe zanotti, new balance shoes, herve leger, timberland boots, air max, baseball bats, iphone 6 cases, birkin bag, s6 case, ralph lauren, nike roshe run, north face jackets, insanity workout, iphone cases, mont blanc, iphone 6 plus cases, vans shoes, soccer shoes, mac cosmetics

12:18 AM  
Blogger ninest123 Ninest said...

wedding dresses, moncler, ugg, louis vuitton, ugg, moncler, canada goose jackets, canada goose uk, supra shoes, pandora jewelry, swarovski, ugg pas cher, sac louis vuitton, swarovski crystal, canada goose, barbour, ugg, converse shoes, toms shoes, louis vuitton uk, sac louis vuitton, sac lancel, links of london, juicy couture outlet, canada goose, rolex watches, hollister, pandora jewelry, canada goose, thomas sabo, canada goose outlet, moncler, moncler, barbour, pandora charms, montre homme, doke gabbana, louis vuitton, canada goose, ugg boots, moncler outlet, moncler, pandora charms, moncler, juicy couture, karen millen, marc jacobs, moncler, canada goose, coach outlet store online
ninest123 12.23

12:20 AM  

Post a Comment

Links to this post:

Create a Link

<< Home