Is Great Depression v2 here already?, page-4

  1. 17,053 Posts.
    lightbulb Created with Sketch. 143
    House builds in America:

    Interesting New Home Sale Facts
    Down 12.2% since last month
    Down 27.2% since January 2022
    Down 47.2% since August 2020
    Down 57.5% from the record high in July of 2005
    Up 118.5% from the February 2011 record low
    Down 11.3 percent from July of 1963

    In November, Existing Home Sales Rose 0.8 Percent, Only the Third Increase in 22 Months
    The National Association of Realtors chief economist, Lawrence Yun, eyes a “marked turn“.I am more than a bit skeptical of major turn because prices and mortgage rates are still too high. However, we are likely in a bottoming process IF the economy holds up.

    https://mishtalk.com/economics/huge-thud-in-new-home-sales-down-12-2-percent-in-november/

    https://mishtalk.com/economics/whats-the-true-number-of-new-homes-for-sale-how-much-builder-speculation/
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.