Supply Up, New Homes Sales Down
Hey! Its the most basic law of economics: Supply & Demand:
>
First, lets look at Supply:
New 1-Family Houses For Sale: Months Supply
>
Uh-oh: More supply coming on line:
New Houses (for sale) Under Construction
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The rounded top of units sold:
New 1-Family Houses Sold: 3-month MovingAverage
>
Source:
Sales of New Homes Cooling Down
Asha Bangalore
Northern Trust, February 27, 2006
http://tinyurl.com/l2yqu
Wednesday, March 01, 2006 | 06:00 PM | Permalink
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i love it when they say 'it's different this time', the Fed wont screw up like they have so regularly in the past, homebuilders learned from past mistakes and wont overbuild, blah blah blah. that blue-line graph of new homes under construction is leaping off the page into, well, blue-sky
Posted by: scorpio | Mar 1, 2006 7:19:21 PM
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