Wednesday, January 26, 2011

New Homes Sales Incredible

The media has the headline streaming across the front page of their websites today, and it will be on the front page of the printed paper editions tomorrow at your doorstep:

"New Home Sales Reach 8 Month High. Prices Up 17.5%!"

My goodness. 

And all that silly talk about new home sales struggling on this pessimistic website.

Before I moved on with other reading, just in case, I decided to do a little research and see where this incredible December in sales stood all time.  Drum roll please......

Dead Last

There has never been a worse December in the history of new home sales.  The following long term chart provides some perspective on where the market currently stands:



For the media outlets that have trouble reading charts, (like CNN, or CNBC) here is an easier way for them to visualize the current state of the market.

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