New home sales reached a 13 year low in December with no sign of stabilization. Unsold inventories reached higher to 9.6 months -- highest in our 17 year database. Prices are down -17% from the March high as lower prices and low mortgage rates provide incentives when potential buyers see the downward spiral of prices begin to stabilize. New construction is waiting for any sense of sales stability to signal that the end is near -- nothing yet as credit needs to free up to worthy borrowers and help to clear away inventory and get the sector back on its feet.





...прогноз полуторогодовой давности почти сбылся... новый хистори лоу по новому строительству уже близок... похоже, что начинают осторожно пиндостанских строителей подбирать...

[stockcharts.com]