0
0

If this isn't a sign of a double dip in housing, I don't know what else is ...


 invite response                
2010 Jun 20, 2:39pm   1,635 views  1 comment

by dunnross   ➕follow (1)   💰tip   ignore  

"The National Association of Home Builders' monthly gauge of confidence in new-home sales plunged in May to 17 from 22 April, putting the index close to its recession nadir."

This has always been a precursor to price drops.  This, coupled with a 35% decline in loan applications, is a hands-down win for the housing bears.

#housing

Comments 1 - 1 of 1        Search these comments

1   Fireballsocal   2010 Jun 20, 10:44pm  

I wouldn't call a drop of 5 points a plunge exactly.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions