New home sales have a horrible October. Is that a bad thing?

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NOVEMBER 29, 2007

They keep reporting this as if it's "bad news" but someone please tell me why we should mourn slower new home construction in this overstuffed turkey of a market.

With apologies to the laid off construction workers, we need a breather if we're going to get supply and demand in balance again.

Here's the latest new home report that takes the typical boo-hoo approach.

Posted by James Thorner at 3:35:59 pm on November 29, 2007 | Permalink | Comments |

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