I'm shocked. This is completely unexpected.

http://finance.yahoo.com/news/Home-sales...-post-form

Quote:Through the first six months of this year, the sales pace is behind last year's 4.91 million homes sold -- the weakest sales in 13 years. Sales have fallen in four of the past five years.

The Realtors' group said a record number of people who signed contracts canceled deals last month. And first-time buyers fell to a smaller share of the market.

Declining home prices have kept many people from selling their houses and taking new jobs in growing areas. They have also made people feel less wealthy and that has reduced the consumer spending that drives about 70 percent of economic activity.

Roughly 16 percent of home deals were canceled last month, the highest level since such records began being kept more than a year ago. It was unclear what the chief reason was for the high rate.

Gee, all of those fudged number trying to convince people that sales are strong suddenly come to light.

Thank you progressives, you plans have screwed up another nation.

(07-20-2011 10:32 AM)DrTorch Wrote:  

I'm shocked. This is completely unexpected.

Isn't everything with these fools?

More cheery news

http://finance.yahoo.com/news/Homeowners...-post-form

The Commerce Department said Tuesday that builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May.

(07-20-2011 04:25 PM)Mr. Peanut Wrote:  The Commerce Department said Tuesday that builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May.

So much for your cheery optimism

http://finance.yahoo.com/news/Home-sales...7.html?x=0

(07-20-2011 10:32 AM)DrTorch Wrote:  

I'm shocked. This is completely unexpected.

You work part time for Reuters? Seems everything is unexpected to them.