New House Sales Slide

You are in a whole new universe when existing and new housing sales slide 3.8% and 2.1% in a month and it’s treated as good news! The peak in new sales was 1.39 million in 7/05. The Median price of a new home fell to 222.6K, it’s just 166.5K for existing homes; a huge price gap! And, first time claims for unemployment rose to 429K! I predict Q2 GDP @ 1.7%