Wednesday, February 24, 2010

Ah yes, the RECOVERY

NEW HOME SALES COLLAPSE TO 50 YEAR LOW…GOSH, IT’S SO WEIRD THAT THE BAILOUTS TO BANKS DIDN’T HELP HOUSING THE WAY BUSH/OBAMA PROMISED…
WWW.BIZJOURNALS.COM -- New-home sales plummeted 11 percent to a record low in January, creating more concern about the hard-hit construction and housing market — and the economic recovery. The Commerce Department says new-home sales fell to a seasonally adjusted 309,000 units in January, the lowest level in almost 50 years. In 2009, new-home sales declined to the previous record low of 374,000, a 23 percent drop from 2007. More than a million homes were sold annually from 2003 to 2006, the Commerce Department said. The decline nationwide has construction officials and economists worried. Economists had expected a 5 percent increase last month compared to December, according to an Associated Press report.

New Home Sales Collapse To 50 Year Low…Gosh, It’s So Weird That The Bailouts To Banks Didn’t Help Housing The Way Bush/Obama Promised…
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