Friday, April 24, 2009

New Houses Sold --Still a Drag on the Economy (Graph)


New One Family Houses Sold: United States, Monthly, Thousands

Houses Sold

Latest reading 356,000 versus 358,000 the previous month. The high 1,305,000 (October, 2004), the low 331,00 (January, 2009).

We should be coming into the seasonally strong period and this should give us a better idea about the prospects for new home sales. The average for April, May, June 2008 was around 860,000 units.
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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.