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New-home sales plunge 33% to record low in May
Market Watch ^ | 6-23-10 | Rex Nutting

Posted on 06/23/2010 8:38:53 AM PDT by RKBA Democrat

click here to read article


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To: RKBA Democrat

how UNEXPECTED that socialism failed again!

*everyone drink*


21 posted on 06/23/2010 10:08:03 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: RKBA Democrat

This doesn’t surprise me a bit. Selling a house around here (N. Florida) is a joke. There are several homes for sale in our neighborhood - they’ve been on the market for over a year. The few that have sold recently have gone far less than what was listed. The one up the street recently went for $60K less than what it sold for 2 years ago.

We have also noticed people just giving up and putting ‘for rent’ signs in their yards. I don’t like this. I don’t want our neighborhood turning into one filled with transients, poorly maintained rental properties and everything else that comes along with that.


22 posted on 06/23/2010 10:08:31 AM PDT by AUJenn
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To: AUJenn

Your government created the bubble. It sucks when they manipulate the markets and people come out on the losing end of the deal.


23 posted on 06/23/2010 10:12:02 AM PDT by listenhillary (You might be a modern LIBERAL if you read 1984 & said "YEAH! That's the world that I want!")
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To: RKBA Democrat

I am so confused? The great recession is over. The summer of recovery is in full swing. Who can I trust if Bernacke and Obama are lying?


24 posted on 06/23/2010 12:09:43 PM PDT by egannacht (Inalienable rights granted by...)
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To: RKBA Democrat
My state hasn't been nearly as impacted as many but its not good. Not good at all:
Connecticut lost 1,300 construction jobs last month, and shed 3,800 between May 2009 and May of this year . . .

In Connecticut, there were 50,900 construction jobs last month, down 1,300 or 2.5 percent from April’s total of 52,200. May’s figure marked a decline of 3,800 jobs, or nearly 7 percent, from May 2009’s total work force of 54,700.

Full text at the New Haven Register


25 posted on 06/23/2010 12:15:19 PM PDT by Brugmansian
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To: RKBA Democrat

“Unexpectedly” no doubt.


26 posted on 06/23/2010 12:50:27 PM PDT by Freedom_Is_Not_Free (California Bankruptcy in 4... 3... 2...)
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To: Ancient Drive
Certainly they play with the numbers. But the track of corruption is opaque, so we don't know just yet who is benefitting. Those who have the access to "follow the money" will be able to tell us, if they choose to. It's not all political. But in this case, the numbers must be so horrible that even their best fakery can't hide the bloodletting going on in housing.
27 posted on 06/23/2010 2:10:10 PM PDT by hinckley buzzard
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To: RKBA Democrat

Democrat bubble machine appears to be not working.


28 posted on 06/23/2010 4:16:51 PM PDT by Lorianne
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To: RKBA Democrat

The only people who didn’t expect this were the Obots .. maybe Obama himself .

This is a sad state of affairs, but not unexpected. The economy is in the trash .. and Obama put it there.


29 posted on 06/23/2010 5:02:54 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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