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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (54596)	9/25/2002 10:45:17 AM
From: reaper	Read Replies (1) of 209892

naw, Briefing.com doesn't put a positive spin on stuff Briefing.com says... these figures indicated that the housing sector is stable at a strong pace of activity OK, so let's look at the numbers: Jan 6.050 Feb 5.890 Mar 5.410 Apr 5.770 May 5.740 Jun 5.100 Jul 5.370 Aug 5.280 maybe Briefing.com can explain to me how a drop in the trailing 3-month average from 5.783 to 5.250 from March to August (that's a 9% drop) is 'stable'. i would also note that in each of the last three months existing home sales have been below the number of existing home sales in those months in each of 1999 and 2001. stable? inventory of homes for sale is also creeping up. it was 2.20 million in August; i can only find 5 months out of the last 4 1/2 years (so 56 months) where inventory was that high (in terms of absolute numbers). and i have to go back to 1998 to find a 5-month average inventory availability as high as it is now. falling sales, rising inventory. stable?? the prices of existing homes seem to have found a plateau for now, though they are not falling (yet??). the median price in August was $163,600, about flat with the prior two months (July at $162,800 and June at $163,500). Cheers

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