Thursday, May 28, 2009
New Home Sales
New home sales budged a bit higher to an annualized level of 352,000. The March figure was revised lower from 356,000 to 351,000 (yep, more revision funny business).
The last time averaged this many new home sales was 1982. The time before that was in 1966. Granted, data only goes back to 1963. However, this is a major adjustment to our economy.