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Let's play with the numbers.
A home builder has built 12 homes every year for 10 years.
A housing bubble, a recession comes along and he builds only 3 houses each year for 3 years.
This year he is building 6 homes. He can now claim that his home building has increased by 100 %
What he fails to mention is that he is still building 50% less than his 10 year average.
New HOme sales would be even HIGHER if i could sell my existing HOME for what it is worth and buy a new HOME!!! Damn the luck!
Ahhh, see what you have to do is rent your existing home out, and buy another one.. I bought a new one $100k lower then the appraised value, and then I'll sell my old home when the market recovers to give me another $50K..
Karl Rove is projecting Obama to win re-election... Maybe he is a fool but if he's projecting the same thing you are doing in this thread, whats that make you?
Mr. Obama long ago lost his chance to duplicate his 2008 performance. A record of failure will do that. He's now forced to fight for states he easily won in 2008. The odds now narrowly favor a Romney win.
And he never really was. He came out with a map based on polling at the time, but said that he expected some of the lean Obama states to shift to tossups and possibly eventually to lean Romney and some of the tossups to shift to lean Romney. He has edited his map several times based on more recent polls, with the map gradually looking better for Romney.
Let's play with the numbers.
A home builder has built 12 homes every year for 10 years.
A housing bubble, a recession comes along and he builds only 3 houses each year for 3 years.
This year he is building 6 homes. He can now claim that his home building has increased by 100 %
What he fails to mention is that he is still building 50% less than his 10 year average.
LOL...did you miss the other major economic news today? The Chicago Fed? Do you know how the stock market has done so far today? Did you miss the Philly Fed last week?
Did you miss the April/May jobs data? The GDP growth figures last quarter?
Do you know WHY the gas prices are dropping?
Did you miss the existing home sales data from last week? Have you missed the jobless claims data recently?
Don't ask such hard questions to a jubilant Obaman.
Details people, details. "highest in 2 years" means nothing in this recession. We are still at "extremely low" levels.
Here's a more pertinent data point taken from that article:
"Still, new-home sales remain extremely low by historical standards. The 306,000 single-family homes sold last year was the lowest annual total in the history of the series, which dates to 1963."
Quote:
Originally Posted by waterboy7375
Kinda had to think that myself When I read" highest since 2010" 2010 was smack in the middle of the recession.
Yeah, they like to cherry pick their info and over-look "minor details" like this...
While the inventory of new homes on the market edged up 0.7 percent to 145,000 units last month, it remained near record lows. At May's sales pace it would take 4.7 months to clear the houses from the market, the lowest since October 2005, down from 5.0 months in April.
I don't think so. All economic indicators in MN are way up. I remodel homes on the side and this year I had a hard time finding one I could buy at a decent price. Even the bad homes in bad neighborhoods with a very slim profit margin for me are hard to get.
When you see positive signs in California, that is more than a trend. And housing starts are the gear that turns the wheel of the economy. I expect this to be a very good summer for the economy and people are going to feel better about their lives come election time.
It's always been in the DFL plan.
Positive signs in California? Your link said that housing starts in the West dropped about 3.5 per cent in that period. Maybe you didn't read the whole article. Huh? Here is the last paragraph of your link just for you.
New-home sales last month were buoyed by a 36.7 percent jump in the Northeast and a 12.7 percent rise in the South. Sales in the West fell 3.5 percent and were down 10.6 percent in the Midwest.
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