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Jonathan Sweet - Remodeling Notes


Jay Sweet
As senior editor of Professional Remodeler, a lot of information crosses my desk. This blog will be a chance to share some of that with you, with an immediacy not possible with a monthly magazine. It's also your chance to tell me what you think about what I have to say. Whether you agree or disagree, I hope you won't be shy.

Friday, July 25, 2008

The hidden good news in sales numbers

Jul 25 2008 12:42PM | Permalink | Email this | Comments (0) |
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A few positive things out of today's new home sales report (down 0.6 percent from May, down 33 percent from a year ago) that you may have missed:

  • May's numbers were revised upwards from an annual rate of 512,000 to 533,000
  • The June numbers (530,000) were much higher than economists' consensus forecast of 505,000
  • The inventory of new homes for sale fell 5.3 percent in June -- better, but still a 10-month supply

Nothing to celebrate, certainly, but maybe a positive sign for the future.


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