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New Home Sales Weakening as Builder Speculation Increases: Home Builders In Trouble?

Courtesy of Mish.

This morning, the Census Bureau reported New home sales are down again.

Diving a bit deeper into the report there is clear evidence of builder speculation just as home sales and prices weaken.

New Home Sales by Price

New Home Sales by Price – Percent Distribution

Price Discounts Coming Up

New Home Sales Details


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