Jump to content

Archived

This topic is now archived and is closed to further replies.

Hiding Bear

B4 The Bell Tuezelday August 24

Recommended Posts

LLD: Yes it is a cesspool. I guess the stakes are at all time high. Save housing at all costs. can they pull it off?

Share this post


Link to post
Share on other sites

So we have record new starts and sales are starting to taper off. Throw in the huge bubble, and well, I smell a major problem.

Share this post


Link to post
Share on other sites
Guest

July Existing-Home Sales Off Slightly from Record, Says NAR

 

8/24/2004 10:00:00 AM

 

To: National Desk, Real Estate Reporter

 

Contact: Walter Molony, 202-383-1177 or wmolony@realtors.org, Lucien Salvant, 202-383-1176 or lsalvant@realtors.org, both of the National Association of Realtors ®

 

WASHINGTON, Aug. 24 /U.S. Newswire/ -- Existing single-family home sales slipped in July but still managed the third-best pace on record, according to the National Association of Realtors®.

 

Existing-home sales declined 2.9 percent to a seasonally adjusted annual rate (see NOTE) of 6.72 million units in July from a record pace of 6.92 million units in June; last month's sales activity was 8.6 percent above the 6.19-million unit pace in July 2003. The second-highest sales rate was in May of this year.

 

David Lereah, NAR's chief economist, said changes at this volume of sales are relative. "Prior to this year, the July sales pace would have been a real eye-popper," he said. "The fact is -- it remains so. The present level of home sales activity is considerably above last year's record, and the new benchmark we'll set in 2004 is a significant contributor to overall U.S. economic growth."

 

http://releases.usnewswire.com/GetRelease.asp?id=35093

Share this post


Link to post
Share on other sites

Diesel hit all time highs this morning

They have been all over the decline in crude this morning.

Less then 2 months ago crude was at 36..Now 45.75 for a 30% INCREASE but such comparisons are lost in the big picture.

Such brilliant media propaganda.

 

Option ex on silver on Friday could explain the beating they are laying on the metal. These jerks never lose.

Share this post


Link to post
Share on other sites

So it is all releative now? Yeah bullshit, bubbles must expand or they deflate. Has there ever been such a time of so much disinformation? So much brainwashing? Wake up folks and think independently.

Share this post


Link to post
Share on other sites

Do you think existing housing sales may signal future problems for home builders? I don't know, but with record high building starts and permits, they could be left hanging. should today's decline be the beginning of a trend.... Of course its too early to know....

Share this post


Link to post
Share on other sites
*DJ Fed Accepts $6.50 Billion Overnight System RP's

Tanks.

 

The Fed took out $1.75B in repos after adding $5.25 yesterday. Ignoring day to day movements, the Fed is still sticking to the upper range of its probable monetary base growth target - or in other words it is worried but not real worried yet.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×