June New Home Sales in at 350K [NotSoBreaking] - MarketTicker Forums


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User Info	June New Home Sales in at 350K in forum [NotSoBreaking]
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	Econoday was expecting a reading of 370K. 2012-07-25 10:02:44 Permalink
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	Census Release (.pdf): Partial quote: http://www.census.gov/construction/nrs/p.... Quote: NEW RESIDENTIAL SALES IN JUNE 2012 Sales of new single-family houses in June 2012 were at a seasonally adjusted annual rate of 350,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.4 percent (±12.4%)* below the revised May rate of 382,000, but is 15.1 percent (±16.7%)* above the June 2011 estimate of 304,000. The median sales price of new houses sold in June 2012 was $232,600; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of June was 144,000. This represents a supply of 4.9 months at the current sales rate. 2012-07-25 10:04:29 Permalink
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	By the way, Goldman had this to say Monday: http://www.bloomberg.com/news/2012-07-23.... Partial quote: Quote: U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report today. (I'm short TOL.) 2012-07-25 10:09:28 Permalink
Zzt Posts: 3041 Incept: 2007-06-26 Glendale az	GS touting housing market ; their short position of the housing market is now established hence their recommendation of the sector. The top is in. 2012-07-25 10:49:09 Permalink
Jazen Posts: 3417 Incept: 2007-07-17 ****cago	NO! Housing had bottomed! So says Zillow. But they could be talking their book. If I could think for myself I might be able to differentiate.... ---------- I hate our Government, but I still love America. 2012-07-25 11:56:53 Permalink
Gen_maximus57 Posts: 4580 Incept: 2007-09-03 Tampa	Dead cats usually bounce if dropped from a high enough level Last modified: 2012-07-25 16:47:38 by gen_maximus57 2012-07-25 16:46:59 From PDA Permalink
Lemonaid Posts: 9883 Incept: 2008-01-20 Metro Detroit	Goldman Sachs analyst recommendations are the best fades of any of the banks. ---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises 2012-07-25 20:56:12 Permalink