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Wednesday, December 23, 2009

Lowest since ...

As Atrios reminds us:
"... as an indicator of the broader economy, new home sales are much more important than existing home sales"
And from Calculated Risk:
In November 2009, a record low 25 thousand new homes were sold (NSA); the previous record low was 26 thousand in November 1966.
That's right 1966.

On the other hand, as prominent figures reassure us, the recession is over.



2 comments

We keep hearing that the recession is over. The new economic figures are looking better than expected!!

Then, a few months later, the figures are "revised downward" -- but by that time there are new, better figures that show that the recession is over! This time for real!

After all, they won't be revised downward for a couple of months.

The jobs will come out tomorrow
Bet your bottom dollar that tomorrow
there'll be jobs

By Anonymous Anonymous, at 12/23/2009 6:58 PM  

That is only forty some years you are comparing. That is not fair. I bet if you go back to the Pilgrams there were less housing starts.

By Anonymous Mart, at 12/23/2009 11:44 PM  

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