Lets compare pending and new home sales.. http://www.realtor.org/wps/wcm/connect/33220e804af59c71a8e7ff4da33b78d3/EHSreport.xls?MOD=AJPERES&CACHEID=33220e804af59c71a8e7ff4da33b78d3
http://www.census.gov/ftp/pub/const/stage_seas_cust.xls
For July 2008 -
New Home Sales - 43K
Existing Home Sales - 5000K.. thats more than 100 times new home sales.
Somehow I am amazed at the numbers above and I don't believe myself.. I think I should take a nap and revisit these numbers.. till then I'll keep admiring these.
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