It is good to understand that the government has the ability to fix problems. As I have mentioned various times new single family housing is tied to two things #1 employment and #2 the elimination of foreclosure inventory overhang. Thanks to all the programs that did not work in solving the foreclosure problem, just delayed and extended, we will be dealing a weak housing segment of probably another two years minimum nationally. If the stock market had dropped 82% from the peak and was 63% off from the 48 year average what actions would our friends in government take and how much bonus would the ceo's lose? Thoughts to ponder ............................
|
housing sales |
|||
|
one unit structure |
|||
|
new single family sales |
250 |
||
|
peak year |
1389 |
||
|
sales % drop from peak |
82% |
||
|
five year average |
571 |
||
|
sales % drop from five year average |
56% |
||
|
48 year average |
677 |
||
|
sales % drop from 48 year average |
63% |


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