New Home Sales, the selling of newly built single-family homes in the US, is a small percent of the overall housing market but nonetheless it’s important enough that it generates monthly and annual numbers which at times move Wall Street.
In Obamas-economy-is-great-2013, only 428,000 new homes were sold.
How bad is it?
In OMG-world-collapsing-save-us-from-Bush 2008 the number was 485,000!
But of course, reports in Media say that 2013 numbers are “the best in five years” hiding the fact that Obamas-Stimulus-economy-is-great-2013 is actually worse than save-us-from-Bush-2008.
The numbers are worse when you look at the 51 years history of these records. Five of the worst six years of New Home Sales on record took place on Obama’s watch:
412K in 1982
375K in 2009
323K in 2010
306K in 2011
368K in 2012
428K in 2013
Indeed, things “are turning around” but after TRILLIONS in Federal Spending and TRILLIONS more spending by the Fed, we are worse off than 2008.