Friday, December 23, 2011

New Home Sales Climb for 3rd Consecutive Month

The Commerce Department said new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. This is 9.8 percent above the November 2010 estimate of 287,000 and is the third consecutive month of climbing sales. Another difficult data point for Paul "We are in depression conditions" Krugman to explain away.

1 comment:

  1. 315,000 sales is lower than than the average of sales in the 1960s. See here:

    The US population was smaller by over 100 million people in the 1960s. I wouldn't say 315,000 sales is something to get excited about.