The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (84795)	8/12/2007 10:58:48 AM
From: 10K a day	Read Replies (1) of 306849

>Puzzling Labor Statistics Traders are puzzled over why the US Bureau of Labor Statistics has shown no change in the number of construction jobs from eighteen months ago, even though homebuilding activity has dropped dramatically. Sales of new homes in the US have tumbled 40% to annual rate of 834,000 from their peak, and are down 22.3% compared with June 2006. The sales pace in June and March was the lowest since 1999. Are homebuilders employing idle workers, to help the broad economy? << Bad data feed. -g-

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