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10:46 PM
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Breaking...June new home sales numbers are out...crashing.(video)
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 71898803:MV80ODU4NzE3Xzg4NzM0ODQ2XzlFNUI5NUNF] [quote:BRIEF:MV80ODU4NzE3Xzg4NzMzMzg4XzQ0RDQyMDlE] [quote:Anonymous Coward 74729496:MV80ODU4NzE3Xzg4NzI4ODI0XzUxQjlDNTZD] A regular person can barely afford a one bedroom apartment now much less a house. [/quote] A one bedroom apartment around here is $650/month, which means you should make $650/week... That's $16.25/hr for 40 hrs $13/hr for 50 hrs Teenagers don't need to rent apartments, child labor laws prevent it, so why are you making a child's wage? [/quote] Wow! $650 a month, a 1 bedroom where i live is $1200 minimum unless it’s in a bad area or rundown. Meanwhile minimum wage is like 10.50/hour. Crazy! [/quote]
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link to www.zerohedge.com (secure)
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June home sales have catered. New home sales DOWN 20% YOY to 2011 levels.
Against expectations of a 3.7% MoM jump, new home sales plunged 6.6% MoM in June (and worse still May was revised lower from -5.9% to -7.8%)
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