Thursday, January 26, 2012

2011: Record Low New Home Sales and 'Distressing Gap'

"2011 was the worst year for new home sales since the Census Bureau started tracking sales in 1963. The three worst years were 2011, 2010, and 2009 - and 2008 is also on the worst ten list. Although sales will probably increase in 2012, this year will probably be high in the list too.

Ten Worst Years for New Home Sales since 1963
YearSales (000s)
2011302
2010323
2009375
1982412
1981436
1969448
1966461
1970485
2008485
1967487


The following graph shows existing home sales (left axis) and new home sales (right axis) through December. This graph starts in 1994, but the relationship has been fairly steady back to the '60s..."

at  http://www.calculatedriskblog.com/2012/01/2011-record-low-new-home-sales-and.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29