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Economy
See other Economy Articles

Title: NEW HOME SALES PLUNGE 12.4%
Source: http://www.businessinsider.com/new-home-sales-july-2010-8
URL Source: http://www.businessinsider.com/new-home-sales-july-2010-8
Published: Aug 25, 2010
Author: Gregory White
Post Date: 2010-08-25 10:08:10 by Nebuchadnezzar
Keywords: None
Views: 2650
Comments: 1

NEW HOME SALES PLUNGE 12.4% Gregory White | Aug. 25, 2010, 10:00 AM | 204 | comment 4

New home sales numbers came in lower than expected, down to an annualized 276,000.

That's a 12.4% drop over June, and a 32.4% drop over July 2009.

Markets fell immediately on the news, but have rebounded somewhat:

* Dow down 0.62% * NASDAQ down 0.61% * S&P 500 down 0.82%

The consensus was for a slight improvement over June, at 340,000 annualized.

June home sales were an annualized 330,000, while May was at 267,000.

New home sales increased in June 23.6%, after falling 36.7% in May.

This comes after yesterday's massive 27.2% drop in existing home sales.

Read more: http://www.businessinsider.com/new-home-sales-july-2010-8#ixzz0xcuen2YO

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#1. To: Nebuchadnezzar (#0)

DOW holding at 10 000 like magic. 8D

Another problem with do everythingto hold an Unreality Plateau. You're gonna hit the Reality Curve at some point in the future.

There is a Time Wall. The reason for the Non Linear Event in Every Extinction Event. The Animal/Creature in question doesn't want to leave the party.

mcgowanjm  posted on  2010-08-25   10:53:06 ET  Reply   Trace   Private Reply  


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