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Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High

 
gebahie

User ID: 1475197
United States
11/28/2012 10:26 AM

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Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High
There are those who may be surprised that last month's number of Seasonally Adjusted New Home Sales, which was then reported at 389K, and which number hit the airwaves days before the Obama reelection, was the highest since April 2010. We are not among them, as we were fully expecting today's number to be a major revision of the September number lower - as just happened, with the whopper of a print revised far lower to 369K - but doubled down with the additional miss of expectations of Seasonally Adjusted annualized new home sales of 390K for October when in reality only 368K were sold. All these numbers are annualized.

[link to www.zerohedge.com]
Saddletramp
We Don't Rent Pigs...

User ID: 736749
United States
11/28/2012 11:53 AM

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Re: Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High
I was just fixing to post on this when I saw yours.

How many government economic numbers revised DOWNWARD after the election does that make now?!?!?

Unemployment, GDP, etc, etc, etc...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp
We Don't Rent Pigs...

User ID: 736749
United States
11/28/2012 11:54 AM

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Re: Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High
5* for you OP...to counter the Lone Star Bandits...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

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