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A New Low!

| Filed under: Business Blitz

Sales of new homes dropped 11.2% in January to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century.


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15 comments to “A New Low!”

  1. 1

    Good Job Obama, Change Change Change. This is change. the worse change ever seen in American history

  2. 2


  3. 3

    well, unemployment is not getting better-don't quote the numbers. there are now people off unemployment that have just given up. people are losing their houses, apartments, moving back with mom and dad, moving in with siblings. Banks are no longer just giving out mortgages as under the clinton laws. It is a number of things and it is not getting better no matter how the white house lies about the #s

  4. 4

    also, I live in the northeast. I see a few new houses where they are just abandoned. stopped building them last year. don't know if the bank pulled financing or what. 3 groups in my town. all the houses were to go over $850k.

  5. 5

    YAY, let the country burn!

  6. 6

    This isn't celebrity gossip, you retarded fuckface. If I want to be well-informed, I'll go to a real news source that isn't wrong most of the time (like YOU are).

  7. 7

    The key here is that "NEW" home sales has reached a low. Regular home sales are doing just fine. Housing inventory is so low right now that the numbers are skewed. Anything that does come on the market is getting multiple offers, and only stays on for a short period of time. It's headlines like these that drive me nuts…all is does is make the general public less informed.

  8. 8

    Yes.. this is the "Change" you voted for. Jobs loss is getting greater, and the economy is getting worse. Can't keep blaming it on W your entire term O.

  9. 9

    I don't know but I would imagine new home construction is seeing the same slump. Could it be the nasty winter contributing to this low number?? You can't build houses if the land is under 2 feet of snow. I won't be surprised if this month produces the same tepid numbers.

  10. 10

    lol did everyone see perez on HBO's BIG LOVE? He was selling birds in mexico, to bad he got shot by the greens!

  11. 11

    there goes some more of that "change" you wanted! enjoy it fuckers!

  12. 12

    it's funny how you always blamed Bush when he was in office when you were "reporting" something about the economy but NOW you have nothing at ALL to say about YOUR president!!! Isn't this the CHANGE you voted for Perez??

  13. 13

    where's your precious obama now perez? Still sending gays off to fight in the war (b/c that's an issue of equality) that he supposedly is against and still not allowing them to marry….all while running this country into the ground? So glad you stupid idiots voted for the word "change" instead of an actual platform. Worked out well, you think?

  14. 14

    Thanks Obama. The worst president ever.

  15. 15

    And we have Obama to thank for that.