Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (61101)	12/27/2006 12:43:44 PM
From: mishedlo	Read Replies (1) of 116555

U.S. Nov. new-home sales rise 3.4% to 1.047 mln pace Sales of new homes rose 3.5% in November to a seasonally adjusted annual rate of 1.047 million, the Commerce Department reported Wednesday. Sales are now down 15.3% in the past year. October's sales pace was revised to 1.013 million, from an earlier-estimated 1.004 million. The median sales price of a new home rose to $251,700 from $243,800. Economists surveyed by MarketWatch were expecting sales to rise to a seasonally adjusted annual rate of 1.02 million from the previous 1.00 million. marketwatch.com Note: This does not take into consideration cancellations. If cancellations were up, this rise never happened. Here is a post to weekly data that looks just awful. Message 23132089

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