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Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
The Commerce Department said Tuesday that sales dropped 7.1 percent in March to a seasonally adjusted annual rate of 328,000 units. That followed a 7.3 percent increase in sales in February. This figure was revised up from an initial estimate that February sales had fallen 1.6 percent.
The weakness in March could reflect that a warmer-than-normal winter caused sales that normally occur at the start of the spring sales season in March to occur in February instead.
US new-home sales down 7 percent in March
Originally posted by xuenchen
reply to post by braindeadconservatives
God, you are truly a party operative all day and all night.
The anti business climate was created by banks destroying the western economic system,
remember
I rarely mention specific political parties, where did I this time ?
Now why would "the banks" all by themselves kill off business climates ?
What do you think was their reasoning and/or goals behind that brilliant idea ?
Originally posted by xuenchen
The housing market suffered some real bad news today I guess.
Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
The Commerce Department said Tuesday that sales dropped 7.1 percent in March to a seasonally adjusted annual rate of 328,000 units. That followed a 7.3 percent increase in sales in February. This figure was revised up from an initial estimate that February sales had fallen 1.6 percent.
The weakness in March could reflect that a warmer-than-normal winter caused sales that normally occur at the start of the spring sales season in March to occur in February instead.
US new-home sales down 7 percent in March
Devastating news !!
Originally posted by KeliOnyx
reply to post by xuenchen
The housing market is going to continue to decline. Those that work in housing construction are going to find themselves on the receiving end of the Chinese paycut. People can't afford to buy houses so anyone in a related field (construction, and those producing materials) is going to face shrinking wages until new homes are priced for people to buy. This is the price we pay for 8 years of economic policy designed to run entirely on the housing market, while everything else stagnated.
Originally posted by braindeadconservatives
So you are gonna come in the thread and post so negative stuff so you can eclipse positive stuff?
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Originally posted by sonnny1
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Question.
Is this indicative of the current Administration,helping out our economy,or is this indicative of those who own businesses,doing what they do best?
Originally posted by braindeadconservatives
Originally posted by sonnny1
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Question.
Is this indicative of the current Administration,helping out our economy,or is this indicative of those who own businesses,doing what they do best?
IT's indicative of alot - Most importantly is that the economy is coming back.
It was also a campaign "promise" of the Muslim president, to increase exports, so it
might be due to some of his policies.
It is also indicative of American success
Originally posted by LittleBlackEagle
Originally posted by braindeadconservatives
Originally posted by sonnny1
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Question.
Is this indicative of the current Administration,helping out our economy,or is this indicative of those who own businesses,doing what they do best?
IT's indicative of alot - Most importantly is that the economy is coming back.
It was also a campaign "promise" of the Muslim president, to increase exports, so it
might be due to some of his policies.
It is also indicative of American success
the economy isn't coming back, it's stagnant, unless you believe the hedged numbers the dept of labor puts out. there is only 58% of able bodied people working in our country right now, only 1 in 2 degree students coming out of college has gainful employment. the top 10 banks are leveraged at well over 300 trillion dollars, more than 3x the world GDP for 3 years.
the mexicans are leaving for lack of work and the reason for exports going up has more to do with the depreciating dollar than anything else, along with oil exports. if the koolaid tastes good by all means continue drinking it my friend.
Originally posted by braindeadconservatives
Originally posted by LittleBlackEagle
Originally posted by braindeadconservatives
Originally posted by sonnny1
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Question.
Is this indicative of the current Administration,helping out our economy,or is this indicative of those who own businesses,doing what they do best?
IT's indicative of alot - Most importantly is that the economy is coming back.
It was also a campaign "promise" of the Muslim president, to increase exports, so it
might be due to some of his policies.
It is also indicative of American success
the economy isn't coming back, it's stagnant, unless you believe the hedged numbers the dept of labor puts out. there is only 58% of able bodied people working in our country right now, only 1 in 2 degree students coming out of college has gainful employment. the top 10 banks are leveraged at well over 300 trillion dollars, more than 3x the world GDP for 3 years.
the mexicans are leaving for lack of work and the reason for exports going up has more to do with the depreciating dollar than anything else, along with oil exports. if the koolaid tastes good by all means continue drinking it my friend.
IT is coming back, it is just not booming - The department of labor numbers have used the same metrics
for over a decade. I think the main reason economic activity is not picking up more steam is psychological
more than functional. Look at this bloody place, it thrives on negativity... Look at the contributors to this
thread, they went out of their way to promote negatives basically to market their political outlook by
blaming this lackluster economy on their rivals - The communist muslim president -
All this economy needs is a change in perspective, that's it, you'll see...
Originally posted by LittleBlackEagle
Originally posted by braindeadconservatives
Originally posted by LittleBlackEagle
Originally posted by braindeadconservatives
Originally posted by sonnny1
Originally posted by braindeadconservatives
I disagree, housing will not decline, it has picked up in my area, three new developments within
three blocks.
Prices will normalize, but it will come back, the data has been moving the same way for over a year
now consistent with how housing has predicted economic trends for decades.
Question.
Is this indicative of the current Administration,helping out our economy,or is this indicative of those who own businesses,doing what they do best?
IT's indicative of alot - Most importantly is that the economy is coming back.
It was also a campaign "promise" of the Muslim president, to increase exports, so it
might be due to some of his policies.
It is also indicative of American success
the economy isn't coming back, it's stagnant, unless you believe the hedged numbers the dept of labor puts out. there is only 58% of able bodied people working in our country right now, only 1 in 2 degree students coming out of college has gainful employment. the top 10 banks are leveraged at well over 300 trillion dollars, more than 3x the world GDP for 3 years.
the mexicans are leaving for lack of work and the reason for exports going up has more to do with the depreciating dollar than anything else, along with oil exports. if the koolaid tastes good by all means continue drinking it my friend.
IT is coming back, it is just not booming - The department of labor numbers have used the same metrics
for over a decade. I think the main reason economic activity is not picking up more steam is psychological
more than functional. Look at this bloody place, it thrives on negativity... Look at the contributors to this
thread, they went out of their way to promote negatives basically to market their political outlook by
blaming this lackluster economy on their rivals - The communist muslim president -
All this economy needs is a change in perspective, that's it, you'll see...
i don't thrive on negativity, i thrive on truth and reality, whether it's good or not good. i could go on with reality figures but i'm not a sadist. i hate what i see, not fun talking about it at all, but walking around wearing them rose colored glasses, like our lying govt's doing, isn't going to help either.
we will get it right one day, but so much will have to happen in the interim that speculation on "the good times" is many years premature, hell we haven't even fell off the cliff yet.
Originally posted by LittleBlackEagle
reply to post by braindeadconservatives
i smile everyday for myself, right now i'm grateful for what i have, i weep everyday for what my kids and grand kids are looking at if Americans keep smiling and waving and thinking everything's ok, nothing to see here, go back to baseball and american idol. that's why they are able to steal and destroy everything good, because people are too busy worrying about smiling and feeling good, instead of educating themselves and caring about what thing are truly like.
i admire your zeal for good vibes and i too enjoy it, but i cannot ignore the quagmire of dire situations we have right on our door steps, it just wouldn't be responsible if i can't tell my kids i did the best i could to keep them free and able to have a life.