Robust Home Sales?
New Home Sales September 2017 +20% MoM – New homes sold in September 2017 (52k). MSM says economy and housing robust, break out the hats and hooters, lets celebrate.
And now for your wait a damn moment, of ZEN…. Since 1995:
Advertised civilian non-institutional population (potential labor pool) +57M
Advertised official labor force +29M
New homes sold in September 1995 (54k)
Above, new home sales seasonally adjusted annualized by month.
With advertised increases of 57M in potential labor, and 29M in the work force, 2K FEWER homes sold as opposed to 22 years ago.
Now that's what we call Ro-BUST economic, wage and new home sales growth, or the new norm?
And now for your wait a damn moment, of ZEN…. Since 1995:
Advertised civilian non-institutional population (potential labor pool) +57M
Advertised official labor force +29M
New homes sold in September 1995 (54k)
Above, new home sales seasonally adjusted annualized by month.
With advertised increases of 57M in potential labor, and 29M in the work force, 2K FEWER homes sold as opposed to 22 years ago.
Now that's what we call Ro-BUST economic, wage and new home sales growth, or the new norm?
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