November new home sales sink 11 percent

Lets see... stop building new homes?

bulls?

Scanning the headlines bad economic news is great fun isn't it?

why didnt you post yesterday when the data said that sales of existing homes were up over 3%? Just wondering why you are selective of your data?

and over 30% of those sales were what type of sale? I was wondering why the bulls werent posting those numbers...

marco so the buyers of foreclosed homes are not getting a good deal? They will not be making a profit?

Please explain.

wait a sec...yesterday, the same data was up?

buying a forclosed property does not guarantee a profit. Im just pointing out that you have took at the quality of those sales numbers

kind of like you have to look at the "quality" of buying a stock that is now down 40%?

You dont make sense. All you are doing is manipulating data to fit your doom and gloom scenario.

TOOL

so...now any stock that's down 40% is guaranteed to make you a profit?

first I would ask why is the stock down 40% ? just because soemthing is down, doesnt mean it is cheap. sometimes things go down and stay down for a reason.

petr..relax..remember..

Anger, fear, aggression. The dark side are they. - Yoda

"Existing" home sales up for November.
"New" home sales down for November.

The important thing to note is that the contract for "existing" homes sales were sign weeks or months ago since "existing" homes are recorded when the deal closes. "New" home sales are recorded when the contracts are signed. Existing home sales is a significantly larger percentage of the total sales (90%+), however, because of the difference in when the sales are recorded, the "new" home sales data is a more timely indicator.

Lawrence yun believes the tax credit accelerated home sales by 2mm units. So given the uncertainty of it being continued probably correlates with the new home sales taking such a hit. So don't worry bullz, new home sales may see a spike up in the nxt 2 or 3 months as tax credits were extended, but then the sugar high will wear off.

At some pt you'll hear the 2nd round of geniuses bk buyers going bk themselves. Hahahahhahaha

> so...now any stock that's down 40% is guaranteed to make you a profit?

Yes, when you are perfitz who doesn't actually own anything, just lies about his imaginary "profits".

"U.S. is probably six months from working off the excess supply"... and that estimate came from a broker. So, possibly another 6 months of declines, if not more.