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 ...
Ping!
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?
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.
Drink!
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 ...
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.
actually the data are seasonally adjusted for that factor
I’m thinking this is more due to just a crummy Baraqqi economy
Another unsustainable trajectory?
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.
Well duh. Recovery? What !@#$%^&*! recovery!
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.
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.
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.
Drink!
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You need a cast iron liver if you are gonna start that!
Have you ever noticed how much Michelle looks like Twanda Brawley or that Helen Thomas?
Hey, America, just how is all that hope and change workin’ for ya, huh?
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