...mmmm donuts.
Posted on 10/28/2009 7:55:22 AM PDT by traumer
WASHINGTON (Reuters) - Sales of newly built U.S. single-family homes unexpectedly tumbled 3.6 percent in September in their first drop since March, but the inventory of new homes available at the end of the month shrank to the smallest in 27 years, government data showed on Wednesday.
September single-family home sales totaled 402,000 units at an annual pace. Analysts polled by Reuters had expected new home sales to rise to a 440,000 unit annual pace from a revised 417,000 units in August, which was originally reported as 429,000 units.
The median sales price rose in September to $204,800 from $199,900, while the average sales price rose to $282,600 from $256,500.
(Excerpt) Read more at reuters.com ...
Unexpectedly ... ????
Heh. I like how the media still thinks there is no recession... hence the overuse of the word “unexpectedly.”
Wha??? Thought all those 4 yr olds were making a diff with those tax credits.....
Why would they be building “new” homes when there are tens of millions of existing homes that no one wants.
It fell 3.6% month over month but missed estimates by almost 10%.
...mmmm donuts.
Certainly the inventory of new homes is down. Who needs a new home with thousands of almost new homes being repossessed daily.
“Why would they be building “new” homes when there are tens of millions of existing homes that no one wants.”
Because no one wants to buy the headaches that many of them are. Some friends of ours are looking to buy and if they are not short sales, they need extensive repairs. Not all houses on the market are that way of course, but many are.
Yes, that’s right ‘Principled’, those numbers were unexpected. You see, Great Leader declared the recession over. So that means it is over and we can continue to pave our way to the paradise on earth that He and He alone can guide us towards. So, when some little something like this, some part of the ‘old’ economy, shows signs of weakness when we all know darn good and well the recession is over, that, my friend, is unexpected. I’m sure next month the numbers will be back where they belong. Now, go get your flu shot and don’t worry about it. Let the Great People worry about things like that. That’s what I plan on doing!
The sun unexpectedly rose in the east this morning.
/s
Unexpectedly ... ????
LOL
With the brain-dead, lapdog, American media, all bad news, now that the one is in charge, is “unexpected.” They really sound foolish.
I EXPECTED it.
I read they just re-upped the credit....
Unexpectedly???
Oh, forgot - screed written by a marxist.
HA.....if you live in places where winter does come (rain, snow, etc).....if you don’t have your house sold by September.....it’ll be a LOOOONNGGGG winter...till you have a chance at a sale again in the Spring.
another point where liberal and ugly intersect
seems quite common
Yep. Surprised everybody, especially the racists.
I would be quite embarrassed to say “unexpected”. Kinda means you are clueless, have no idea what’s going on.
The media is trying to bamboozle us with positive BS, so every negative piece of news has to be ‘unexpected’ to try to keep what little credibility they still have.
The problem is with the “mind readers”....the predictions..
My husband and I were fortunate and found a short sale home that had just completed construction and no one had lived in on the acreage we were hoping for. It was a spec home by a small custom builder that finally had to get rid of it; sold it for about half of the original asking price.
Has anyone seen Christina Romer and Andy Richter in the same room, and at the same time?
Just saying.
The builders are cutting their “inventory”...less new units mean they’re keeping their money in their pockets while their help is collecting unemployment. It’ll bounce in the spring...
Yes it could be that. It is a form of redistribution of the wealth.
You keep using that word. I do not think it means what you think it means. < / Inigo Montoya >
Analysts expectations as accurate as exit polls.
Which is why we had President Kerry!!!
I do not think this word means what they think it does
Do you think many of the others were going to say, "Great! I just got laid off...let's go out and buy a new house!"?
Unexpectedly ... ????
What they don’t mention is how large the foreclosure shadow inventory is. Crapola will hit the fan again IMHO.
A lot of the existing homes are repair nightmares. Read something on FR about the banks aren’t even taking possession of these homes. They can’t afford the attorney fees to get the homes back and then they can’t afford to fix them up. End result is that county governments are taking them because of back taxes. What is the county going to do with them??? Bull dozen some and fix up others for sale. A niche may be developing for some handy people who can fix up these houses for whoever takes them over.
The keyword in this report is “unepectedly”. Does this mean that the policies of Obama were supposed to produce different results?
Drink!
That was happening all over during the building bubble. So many developers, locally like Capstone, were slapping them up so fast with illegal labor, a plumb wall was rare. Skilled crews would have to rework lots of places to make them passable.
Yes the skills necessary to fix up houses that were crap to begin with and now have deteriorated are different than the skills necessary to slap up a new house without any concern about making the walls plumb. It will be interesting to see what happens with these run down houses. Perhaps more will be bull dozed than not.
Hey...I have her rookie card...sweet.
Everything is “unexpected” to people who don’t give a rat’s ass about the past and the lessons that can be learned from it.
It is why liberals are consistently flummoxed and confused when taxes are cut, but revenues actually go up.
It is always “unexpected” to those who never gain knowledge in the first place.
Around here the builders are building SMALLER homes 1500-1700sq.....just to get rid of the lots they are making payments on.
unexpectedly?
Ahahahaha!
Yep. There’s that word again.
DRRRRRRRRRRRINK!
Maybe future homes will be built by Americans using Ammerican drywall.
My house is about 30 years old and was built by “rednecks” not illegals. The place is like a bombshelter and has held up incredibly well.
Yes, unexpected bad economic news, yet again! Even though the Obama administration and its boot licking lackeys in the MSM proclaimed the economy was good again!
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