Sales of New US homes fall 5 percent in January---Reuters

by **bobdrake** » Mon 27 Feb 2006, 12:03:40

Here is the article from Yahoo News

http://news.yahoo.com/s/nm/20060227/bs_ ... y_homes_dc

Is this just a temporary bump in the road?

by **mekrob** » Mon 27 Feb 2006, 12:18:11

Nope, I'm afraid it just shows Armageddon is on our doorstep.

by **Falconoffury** » Tue 28 Feb 2006, 10:00:47

I guess the dumb people ran out of credit. The dumb people will always try to use all credit available to them, so the real determiners of the health of the housing industry are the lending institutions. If the banks start to get stern about loan repayments, the housing industry goes down.

by **PenultimateManStanding** » Tue 28 Feb 2006, 10:42:48

The largest inventory since NOVEMBER 1996! Omygod, that was 10 years ago! Ever notice how these dire stories always have something like that, the worst since 5 years ago! the worst since blah blah. Now the one that really caught my attention was the worst savings rate since 1933. Now there's some news.

Sales of New US homes fall 5 percent in January---Reuters

Sales of New US homes fall 5 percent in January---Reuters

Re: Sales of New US homes fall 5 percent in January---Reuter

Re: Sales of New US homes fall 5 percent in January---Reuter

Re: Sales of New US homes fall 5 percent in January---Reuter

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