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HOV - Worst New Home Sales on Record

07/26/2010 05:35 PM by Dave Pinsen

Via Calculated Risk ( http://www.calculatedr... ):

"Ignore all the month to previous month comparisons. May was revised down sharply and that makes the increase look significant. Here is the bottom line: this was the worst June for new home sales on record.

[...]

In June 2010, 30 thousand new homes were sold (NSA). This is a new record low for June.

The previous record low for the month of June was 34 thousand in 1982; the record high was 115 thousand in June 2005."

And yet HOV was up 6% today. Go figure. Still holding those puts I got on this ( http://shortscreen.com... ). May look again at adding more.

Rating:
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  • 07/26/2010 06:53 PM by Hesperian

    It's surprising to me how few of the homebuilders have actually gone belly up. If you had asked me back in 08, I was sure half of them would be totally wiped out by now. But they keep limping along.

    Rating:
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  • 08/03/2010 11:39 AM by Dave Pinsen

    Bloomberg: "Pending Sales of Existing U.S. Homes Decrease 2.6%" ( http://www.bloomberg.c... ).

    Rating:
    4
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