New US Home Sales nothing to Celebrate

[CrackSmokeRepublican]

June and  July will likely be cruel months to home sellers... The CSR
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April 23, 2010, 11:55 a.m. EDT · Recommend ( · Post:
New-home sales surge 27% to 411,000 pace
Expiring tax credit could be goosing sales, temporarily

Let's take a look at the HISTORICAL ACTUAL DATA courtesy of iRishscot2, starting with the month of March historically back to the beginning of the data:


Year............Sold (1,000's)..Annual Projected (1,000's)
Mar 1963 ..... 44 ..... 461
Mar 1964 ..... 53 ..... 562
Mar 1965 ..... 53 ..... 556
Mar 1966 ..... 53 ..... 557
Mar 1967 ..... 41 ..... 439
Mar 1968 ..... 46 ..... 490
Mar 1969 ..... 43 ..... 474
Mar 1970 ..... 36 ..... 389
Mar 1971 ..... 62 ..... 681
Mar 1972 ..... 60 ..... 640
Mar 1973 ..... 68 ..... 725
Mar 1974 ..... 55 ..... 572
Mar 1975 ..... 44 ..... 477
Mar 1976 ..... 55 ..... 591
Mar 1977 ..... 84 ..... 872
Mar 1978 ..... 75 ..... 814
Mar 1979 ..... 73 ..... 793
Mar 1980 ..... 44 ..... 474
Mar 1981 ..... 49 ..... 514
Mar 1982 ..... 36 ..... 374
Mar 1983 ..... 57 ..... 596
Mar 1984 ..... 63 ..... 641
Mar 1985 ..... 67 ..... 671
Mar 1986 ..... 89 ..... 880
Mar 1987 ..... 73 ..... 713
Mar 1988 ..... 68 ..... 669
Mar 1989 ..... 58 ..... 567
Mar 1990 ..... 58 ..... 574
Mar 1991 ..... 51 ..... 507
Mar 1992 ..... 56 ..... 554
Mar 1993 ..... 60 ..... 602
Mar 1994 ..... 74 ..... 747
Mar 1995 ..... 60 ..... 616
Mar 1996 ..... 70 ..... 721
Mar 1997 ..... 81 ..... 831
Mar 1998 ..... 81 ..... 836
Mar 1999 ..... 84 ..... 863
Mar 2000 ..... 88 ..... 900
Mar 2001 ..... 94 ..... 939
Mar 2002 ..... 90 ..... 923
Mar 2003 ..... 98 ..... 999
Mar 2004 ..... 123 ..... 1,276
Mar 2005 ..... 127 ..... 1,328
Mar 2006 ..... 108 ..... 1,116
Mar 2007 ..... 80 ..... 833
Mar 2008 ..... 49 ..... 509
Mar 2009 ..... 31 ..... 332
Mar 2010 ..... 38 ..... 411

Note that ONLY THREE Marches in HISTORY have been WORSE! The years 1970 and 1982 had SLIGHTLY lower Marches, BUT the YTD data for those years and this?

1970 - YTD = 99,000
1982 - YTD = 83,000
2010 - YTD = 84,000

This year is the SECOND worst on record, ACTUALLY THE SAME as last year YTD, 84,000!! Think about that, and the tax benefit hadn't kicked in yet!

Now for our YTD Data:

Month/Year....ACTUAL (1,000's).. Annual Rate
Jan 2000 ..... 67 ..... 873
Feb 2000 ..... 78 ..... 856
Mar 2000 ..... 88 ..... 900
Actual Year End... 983
Jan 2001 ..... 72 ..... 936
Feb 2001 ..... 85 ..... 963
Mar 2001 ..... 94 ..... 939
Actual Year End... 979
Jan 2002 ..... 66 ..... 880
Feb 2002 ..... 84 ..... 948
Mar 2002 ..... 90 ..... 923
Actual Year End... 1,048
Jan 2003 ..... 76 ..... 999
Feb 2003 ..... 82 ..... 936
Mar 2003 ..... 98 ..... 999
Actual Year End... 1,129
Jan 2004 ..... 89 ..... 1,165
Feb 2004 ..... 102 ..... 1,159
Mar 2004 ..... 123 ..... 1,276
Actual Year End... 1,242
Jan 2005 ..... 92 ..... 1,203
Feb 2005 ..... 109 ..... 1,319
Mar 2005 ..... 127 ..... 1,328
Actual Year End... 1,239
Jan 2006 ..... 89 ..... 1,174
Feb 2006 ..... 88 ..... 1,061
Mar 2006 ..... 108 ..... 1,116
Actual Year End... 998
Jan 2007 ..... 66 ..... 891
Feb 2007 ..... 68 ..... 828
Mar 2007 ..... 80 ..... 833
Actual Year End... 619
Jan 2008 ..... 44 ..... 608
Feb 2008 ..... 48 ..... 576
Mar 2008 ..... 49 ..... 509
Actual Year End... 374
Jan 2009 ..... 24 ..... 329
Feb 2009 ..... 29 ..... 354
Mar 2009 ..... 31 ..... 332
Actual Year End... 342
Jan 2010 ..... 22 ..... 309
Feb 2010 ..... 24 ..... 308
Mar 2010 ..... 38 ..... 411

Not a good sign, ESPECIALLY as this year is PROPPED by the tax gift!
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FriendlyInsider 13 hours ago
-1 Vote (7 Up / 8 Dn)
 
 
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It's all good.....bring in the New World Dictaster?
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KumarRaj 12 hours ago
+1 Vote (4 Up / 3 Dn)
 
 
Request sent

Good one....this is what I call as statistical illusion...on which they create sensational positive perception......

from the above it is very clear that the situation is extremely bad. ...even in 1963 we sold more new homes than now!!!
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gwizz 13 hours ago
+7 Votes (13 Up / 6 Dn)
 
 
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Thanks for the info Irish!
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irishscot2 13 hours ago
+11 Votes (22 Up / 11 Dn)
 
 
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Six thumbs down at this point and not a contrary comment to indicate why my post is either in error or mis-leading.

I can't stand people without enough intelligence or intestinal fortitude to challenge the information!
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JJPuke 12 hours ago
+3 Votes (5 Up / 2 Dn)
 
 
Request sent
Irish, re: TDs, I could only guess, but it would seem some folks are not happy with reality and your report unless it is scrubbed for political correctness.

What is also offensive is the spin & hype to manufacture rosy scenarios in light of a problem that is still staring this country in the face.

It's the same ole story with new packaging - Heck of Job Brownie, Mission Accomplished, etc and now We Saved the Economy,....

http://www.marketwatch.com/story/story/ ... ent3918253