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Thread: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

  1. #11
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    Re: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    Quote Originally Posted by Threegoofs View Post
    Resales are still creating significant economic activity though.

    That part time /full time thing is odd. A definite anomaly. If the trend continues, thats not good, but I'd wait for future months and to see how that number gets revised. One anomalous datapoint is probably not a great indicator of anything.

    I bet you've been cheering the Obama administration on since 2010 as that number has been steadily falling though, right?




    The Part-Time Employment Ratio: A Curious Anomaly in June
    So now that youve been corrected your'e willing to be objective ?
    Last edited by Fenton; 07-24-14 at 07:02 PM.

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    Re: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    Quote Originally Posted by Gimmesometruth View Post
    Aren't you the same guy who argues against having overheated housing sales?

    I just can't keep up with con argument.

    Lets try some historical perspective:


    He's just trying to inject some much needed perspective into the discussion .

    When you have ideologues cheering the " record low jobsless numbers " in another thread its important to counter that blind allegiance Obama lust with a bit of cold hard reality.

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    Re: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    Quote Originally Posted by Threegoofs View Post
    Resales are still creating significant economic activity though.

    That part time /full time thing is odd. A definite anomaly. If the trend continues, thats not good, but I'd wait for future months and to see how that number gets revised. One anomalous datapoint is probably not a great indicator of anything.

    I bet you've been cheering the Obama administration on since 2010 as that number has been steadily falling though, right?




    The Part-Time Employment Ratio: A Curious Anomaly in June
    I cheer neither party...I despise them both.

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    Re: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    Quote Originally Posted by DA60 View Post
    U.S. Housing Recovery Failing to Build Momentum

    'The market for newly built homes weakened in the first half of the year, a development that's likely to impede economic growth and could hold back job creation in 2014.

    Sales of new single-family homes are down 4.9% through the first six months of the year compared to the same period of 2013, according to Commerce Department data released Thursday.

    June sales fell 8.1% from May to a seasonally adjusted annual rate of 406,000. The reading was well below expectations. Economists surveyed by The Wall Street Journal had predicted a June sales pace of 475,000. Meanwhile, May sales were revised down to a rate of 442,000 from a previously estimated 504,000. The initial May reading would have been the strongest pace since the recovery began, but the revised figure isn't even the best of the year.


    New-Home Sales Tumbled in June - WSJ


    Over 1/2 a million full time jobs lost in June (for 799K part time jobs gained), trade deficit rising, new home sales fall hard, inflation over Fed mandate...so much for the 'it's the weather' excuse.
    Thank you Mr. President!
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    Re: New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    Quote Originally Posted by Fenton View Post
    So now that youve been corrected your'e willing to be objective ?
    I'm always objective.

    And I can objectively assess that you are one of the last people on this board who could ever assess someone's objectivity!
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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