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New Home Sales Drop 11.2% in January, Record Low
FoxBusiness.com ^ | 2/24/2010 | FoxBusiness

Posted on 02/24/2010 7:27:32 AM PST by deep

Edited on 02/24/2010 7:31:33 AM PST by Admin Moderator. [history]

Sales of newly built U.S. single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.


(Excerpt) Read more at foxbusiness.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: economy; home; housing; obama; unexpected
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1 posted on 02/24/2010 7:27:32 AM PST by deep
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To: deep
Unexpectedly !
2 posted on 02/24/2010 7:28:20 AM PST by Nonstatist
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To: deep
I can't believe I get to be the first person to type it: unexpected!
3 posted on 02/24/2010 7:28:35 AM PST by AD from SpringBay (We deserve the government we allow.)
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To: deep
Sales of newly built U.S. single-family homes unexpectedly fell

Uh huh.

4 posted on 02/24/2010 7:28:46 AM PST by Shelayne
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To: Nonstatist

How unexpectedly unexpected.


5 posted on 02/24/2010 7:28:58 AM PST by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: deep

There’s that word again...


6 posted on 02/24/2010 7:29:00 AM PST by gov_bean_ counter (Sarah Palin - For such a time as this...)
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To: deep

7 posted on 02/24/2010 7:29:05 AM PST by TonyInOhio ( There's no way back to Lower Binfield.)
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To: AD from SpringBay

missed it by 15 seconds.

Unexpectamundo!


8 posted on 02/24/2010 7:29:44 AM PST by Grunthor (The more people I meet, the more I love my dogs.)
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To: deep
Sales drop yet builders are still building more new homes. Sound like a plan, but the plan is not toooo sound.
9 posted on 02/24/2010 7:29:47 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: AD from SpringBay

Missed it by that much...


10 posted on 02/24/2010 7:30:03 AM PST by gov_bean_ counter (Sarah Palin - For such a time as this...)
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To: deep

unexpectedly


11 posted on 02/24/2010 7:30:27 AM PST by MSgt Smith (What are tag lines)
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To: deep

Too many existing home bargains out there. Why buy a new home?


12 posted on 02/24/2010 7:31:09 AM PST by smokingfrog (You can't ignore your boss and expect to keep your job... WWW.filipthishouse2010.com)
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To: smokingfrog

Builders are offering some great deals on new homes, but with unemployment rising, how many people are really left to buy?


13 posted on 02/24/2010 7:31:57 AM PST by deep (http://www.americansagainstobama.com)
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To: smokingfrog

Bargain is an interesting concept in this market.


14 posted on 02/24/2010 7:33:06 AM PST by 9YearLurker
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To: deep

Was this unexpected?


15 posted on 02/24/2010 7:34:26 AM PST by ilovesarah2012
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To: deep

16 posted on 02/24/2010 7:34:29 AM PST by reagan_fanatic (The liberals are asking us to give Obama more time. Is 25 to life enough?)
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To: smokingfrog

What we need is more commercial real estate!

;-)


17 posted on 02/24/2010 7:37:17 AM PST by TSgt (RE-ELECT NOBODY - VOTE THEM ALL OUT!)
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To: deep

I expect much more unexpected news.


18 posted on 02/24/2010 7:37:59 AM PST by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: deep

I love the phrase “...hinting at potential trouble...”

This report’s decrease (along with the consumer confidence miss) is a “hint” like a girl kicking a guy right square in the nuts as a “hint” she’s saying “no.”


19 posted on 02/24/2010 7:38:04 AM PST by NVDave
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To: TonyInOhio
I know that street sign well! Spent many a day & night cruising between Buena and Hammonton in South Jersey down Rt. 54 in the 1970s.
20 posted on 02/24/2010 7:40:55 AM PST by 4yearlurker ("Damn the King and double damn him!")
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