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New-home sales fall for the first time since March (unexpectedly fall?)
Market Watch ^ | 10/28/09 | Greg Robb

Posted on 10/28/2009 8:42:57 AM PDT by TigerLikesRooster

New-home sales fall for the first time since March Related stories

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) -- U.S. sales of new homes unexpectedly fell in September for the first time since March, clouding what had been a sunny period for the beleaguered housing sector.

Sales fell 3.6% in September to a seasonally adjusted annual rate of 402,000, the Commerce Department reported Wednesday. Read complete government report.

Economists had expected sales to rise to 438,000 in September, boosted by a tax credit for first-time home buyers and an innovative Federal Reserve policy designed to keep mortgage rates low. See Economic Calendar.

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


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: drop; newhomesales
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1 posted on 10/28/2009 8:42:58 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 10/28/2009 8:43:38 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

3 posted on 10/28/2009 8:45:49 AM PDT by TSgt (I long for Norman Rockwell's America.)
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To: TigerLikesRooster

Gee, it couldn’t be because sales always fall this time of year after the summer boost with families trying to get moved before school starts, huh?


4 posted on 10/28/2009 8:46:19 AM PDT by bgill (The framers of the US Constitution established an entire federal government in 18 pages.)
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To: TigerLikesRooster

With this administration, and these idiot analysts, everything is unexpected. If it were possible, they would say that the sun rose unexpectedly in the morning.


5 posted on 10/28/2009 8:47:01 AM PDT by ABQHispConservative (A good Blue Dog is an unelected Blue Dog. Ditto Rino's!)
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To: TigerLikesRooster
U.S. sales of new homes unexpectedly fell

Drink!

6 posted on 10/28/2009 8:47:43 AM PDT by dfwgator
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To: MikeWUSAF

Let me interpret that photo ...

We the US Citizens are on board the coaster, the coaster is Obama’s presidency ... There’s only one problem, it’s just keeps going straight down ...


7 posted on 10/28/2009 8:48:17 AM PDT by Scythian
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To: TigerLikesRooster

Unexpectedly this unexpectedly that ... blah, blah, blah. The new talking point of the kneepad press. Just imagine if this was going on with Bush in office.


8 posted on 10/28/2009 8:49:32 AM PDT by Gen-X-Dad
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To: bgill

actually the data are seasonally adjusted for that factor
I’m thinking this is more due to just a crummy Baraqqi economy


9 posted on 10/28/2009 8:49:45 AM PDT by nascarnation
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To: Scythian
We the US Citizens are on board the coaster, the coaster is Obama’s presidency ... There’s only one problem, it’s just keeps going straight down ...

Another unsustainable trajectory?

10 posted on 10/28/2009 8:49:50 AM PDT by umgud (I couldn't understand why the ball kept getting bigger......... then it hit me.)
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To: bgill
Since the government has the books on full boil, I think not.
11 posted on 10/28/2009 8:50:21 AM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: TigerLikesRooster; All
I declare this to be the official graphic for unexpected economic changes threads.

12 posted on 10/28/2009 8:50:25 AM PDT by TSgt (I long for Norman Rockwell's America.)
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To: bgill

That is taken into account (families moving) in the predictions.

This isn’t rocket science. People are paying down debt and do not want to take on new debt during this time of economic uncertainty and threats of job loss.

I’ll bet most of us know people who are looking to buy a house (first time or moving up), but they are holding off because of job worries and because they think that prices in some markets still have not dropped low enough.


13 posted on 10/28/2009 8:52:23 AM PDT by randita (Chains you can bereave in.)
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To: TigerLikesRooster

Well duh. Recovery? What !@#$%^&*! recovery!


14 posted on 10/28/2009 8:52:54 AM PDT by Ev Reeman
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To: TigerLikesRooster

The word unexpectedly is overused! Time for Pelosi to change the word, lol. ANd by the way, does anyone really believe it was “unexpected” please.


15 posted on 10/28/2009 8:57:13 AM PDT by GoCards ("We eat therefore we hunt...")
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To: Ev Reeman

It’s one of those special recoveries. You know the kind, jobless, profitless, homeless... the only thing recovering is the Dow and so some are happy. The rest of us are hopeless.

That’s more fitting. It’s a hopeless recovery.


16 posted on 10/28/2009 8:59:50 AM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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To: TigerLikesRooster

The actual sales were 92% of the “expected” sales. That seems to me a pretty good prediction. Also, a longer delay in closing 1 or 2 days sales could easily account for the effect.


17 posted on 10/28/2009 8:59:50 AM PDT by Raycpa
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To: dfwgator

Drink!
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

You need a cast iron liver if you are gonna start that!


18 posted on 10/28/2009 9:00:37 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: MikeWUSAF

Have you ever noticed how much Michelle looks like Twanda Brawley or that Helen Thomas?


19 posted on 10/28/2009 9:19:15 AM PDT by Neoliberalnot ((Freedom's Precious Metals: Gold, Silver and Lead))
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To: autumnraine

Hey, America, just how is all that hope and change workin’ for ya, huh?


20 posted on 10/28/2009 9:23:53 AM PDT by Ev Reeman
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