New home sales tick up slightly in October;   still on track for worst year ever

Dennis Norman, St Louis Realtor, New Home SalesToday, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for October 2011 showing an increase of 1.3 percent from the month before, and an increase of 8.9 percent from a year ago. The seasonally-adjusted new home sales rate for October was 307,000 homes, up from an adjusted rate of 303,000 homes the month before (originally reported at 313,000 homes). Unfortunately, even with the increase in the rate of new home sales, the current rate of new home sales is still on track to make 2011 new home sales the lowest since the Commerce Department began keeping track of sales in 1963.

The supply of new homes on the market decreased to a 6.3 month supply from 6.4 months the month before. The median new home price decreased slightly for the month to $212,300 from a revised median price of $213,300 the month before and an increase of 4.0 percent from a year ago.

My Mantra

As has been my long-running mantra, I don’t like “seasonally adjusted” numbers and “rate” of sales. Why, for one I can’t figure out how in the world they compute the numbers. Second, I just don’t think discussing the “rate” of new home sales paints a realistic picture of the market.

Here is the raw data, the ACTUAL new homes sold- no fluff, no “adjusting” For October 2011:

  • 25,000 new homes sold, the same as the two prior months, and an increase of 8.7 percent from a year ago.
    • As usual, the South had the majority of the new home sales with 13,000 this month (52.0 percent of the total in US)
    • the west region had 6,000 new homes sold.
    • the Midwest had 5,000 new homes sold.
    • The Northeast had 2,000 new homes sold.
  • YTD there have been 260,000 new homes sold, a 6.8 percent decrease from this time last year.
  • New Homes in the US in sold during the month been for sale for a median time of 7.4 months since the homes were completed, down from 8.0 months the month before.

My prediction for 2011…

I’m continuing to forecast that there will be 290,000 – 319,000 new homes sold in 2011.

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  • Touring can be something that most men and women wish to do. A blessed few get to go to amazing locations around the world. Try out protecting a bit of cash and set up a goal. It doesn’t issue if you intend on proceeding somewhere residential or worldwide. A piggy financial institution is a great way to begin. Extra change contributes up fast! When you have no dollars to extra don’t worry. A hike inside the forest or even a simple journey to perspective nearby websites, might be in the same way rewarding! Always analysis prior to arranging vacation. Discover internet sites which contain evaluations of probable destinations. Check with other people that have traveled there. This can help you to foresee everything that you will come across. Have a language translation instrument when traveling to your region that doesn’t communicate your native terminology. This could be in the form of a novel or perhaps a phone program. Whilst you might find that many individuals talk British in sizeable metropolitan areas, it might be very different in little towns or countryside locations. Trying to speak from the terminology of the country is actually treasured from the people. Reach out to your system. Social networking sites make it easy to get tips from your close friends and select their minds for details. Post a subject regarding your location and you’ll most likely garner several responses. These instant answers are especially helpful when you find yourself on your own journey and seeking a place to take in ASAP. When traveling internationally, hang on for your reciepts for credit card buys. Whenever you document them, particular date them and take note the purpose of the investment. When investing in residence, you own an easy way to reconcile your document using the money you invested. This makes it much better to location any deceitful expenses. If you’re sensitive to the aroma of cleaners (or simply don’t like them!) attempt delivering some small candle lights along with you on the journey. This can help cover up the fragrance of your cleaning solutions the maids use along with the aromas can also help loosen up you. Some scents may also sooth you and provide you with a better night’s sleep at night. Travelling can be easy and something that works well with every person, regardless of what the budget looks like. Items that demand tiny hard work, however are rewarding, are frequently the easiest method to go and vacationing can fit that bill! So prepare a getaway, set a timeline making it take place. You will discover one thing pleasant to suit you!

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  • Having a trip, whether or not for business or enjoyment, is fun and packed with anticipations. Some things you may neglect that could be necessary to you on your getaway. Anything can be done in case you have traveling understanding. Take advantage of the recommendations provided right here to possess a great journey. Vacation could be a great way to move away from all of it, but sometimes it is needed to make contact with the remainder of the planet. For this purpose, make certain your cellphone performs anywhere you happen to be moving or buy a prepaid telephone with your vacation spot country. You will be happy you probably did should you get rid of your bank cards or passport and require to contact your financial institution – or embassy! – without delay. Should you be touring international and searching once and for all community foods, be aware of the location where the locals consume. The actual existence of a group of cabs, for instance, is not difficult to distinguish and will show you the location where the lower-charge but good foods can be obtained. The location is additionally bound to be filled towards the brim with neighborhood colour. For overseas vacation, examining the overseas energy products that might be available is vital. Most present day travellers count on having their personalized electronics offered wherever they go. Recharging up these gizmos can present challenging due to the fact electric contacts are certainly not consistent all over the world. A little bit of analysis ahead of time will instruct the experienced vacationer what kind of power adapters to buy and what plans to help make. If you’re concered about having your pockets selected although you’re on holiday, attempt sewing a compact secret budget to the inside your jeans and also hardwearing . cash and charge cards in. Using this method you won’t need to bother about them being swiped by an eager pickpocket. You may also do the exact same thing within a handbag, if you’ll be transporting one particular. To make the most of travel in another country, try and plan at least a few pursuits that aren’t indexed in traveler information guides or blogs. This can be accomplished by obtaining information intended for and manufactured by residents, whether it be from classifieds, blog sites or people on tweets. Stepping beyond the tourist bubble can certainly make your trip very much much more fascinating and fun. When traveling having a dog, do not forget that most dog items are better acquired in your spot. For example, unless your pet is on the special diet program, investing in a case of dog food whenever you arrive is easier than wanting to carry it. Bowls and also other products are identical way. When you find yourself travelling, purchase funds boxes that you can use within your garments or sew simple wallets to the inside of your midsection music group. Provided you can not sew, request someone that can to get it done for yourself or bring it into a personalize or seamstress, and ask for they sew an inside wallet to suit your needs. This will keep your valuable items, recognition and funds safe so you do not need to worry about an individual stealing your traveling travelling bag or pocket. Seeing that you’ve received several of the basic principles on touring, tell your boss you take a getaway, get the airplane admission, boat admission or whichever implies you plan on consuming and go! Remember to always be safe no matter if travelling alone or otherwise. Ask for directions and aid if you want it. A lot of people will never chew. Above all, As was talked about previously in the following paragraphs, the prosperity of a getaway is normally established before you even leave. Keep the beneficial tips you go through on this page, under consideration, while you prepare for your quest. Using this guidance at your disposal, you’re likely to make travels that you profit from, with smiles.

  • Traveling can be an awesome supply of motivation, but if things fail, it takes with a nightmarish good quality, instead. Nobody wants to be on a trip that’s more irritating than relaxing. The good news is, you can shield oneself in opposition to some typical journey faults and stresses, by simply following a few easy tips. Get an added credit greeting card together with you on a trip. Stuff often go missing on extended outings. Whenever you can, always keep another credit cards convenient. Having an excessive amount of cash on palm is generally a bad strategy. An extra credit greeting card is far less dangerous and far easier to record. When you are traveling, even in created nations around the world, generally think your hands are infected. Don’t place your hands and fingers in your jaws and steer clear of consuming with your hands and wrists. Odds are excellent you’ve come into contact with a huge selection of people and 1000s of areas, any one of which could be having a condition that you aren’t prepared for. Focus on your intution when you are traveling. If a certain retail store, person, or neighborhood offers you “terrible vibes”, just walk away. Your intuition might be telling you something that you haven’t consciously discovered. Even if you’re incorrect, it’s easier to be secure than sorry in terms of your basic safety. Don’t consider sleeping helps until finally you’ve removed. If you use sleeping assists to acquire by way of a long air travel, hold back until right after you’re air-borne to pop the capsule. If you take them earlier, you run the chance being unbearably exhausted if your airline flight is postponed or you will need to deplane and go on a later on airline flight. If you’re sensitive to the odor of cleaners (or perhaps don’t like them!) attempt getting some small candle lights together with you on your journey. This can help cover up the smell from the cleaners the maids use and the smells will also help chill out you. Some smells can even sooth you and provide a greater night’s sleep at night. Using this selection of recommendations inside your strategy, vacationing is a breeze, not much of a discomfort. They are straightforward concepts, but straightforward operates is definitely an extremely efficient protective. Straightforward sense is all you need to have a travel expertise good and fun, even if you’re going way away from the defeated monitor.

  • Taking a vacation, regardless of whether for organization or enjoyment, is fun and filled with anticipations. Some things you could forget which may be helpful to you during your trip. Nearly anything is possible if you have traveling knowledge. Make use of the suggestions discussed in this article to experience a fantastic quest. Once you know that you will use a long layover within a city, check what there is to accomplish upfront. A 3 60 minutes layover in Washington D.C. can certainly turn into a speedy tour in the Washington Mall or even a lengthy rest in Minneapolis could become a simple store shopping visit to the Shopping center of The usa! If you are intending a visit in foreign countries, you should be sure to acquire the required vaccinations ahead of time. While you are from the preparation levels of your respective journey, make a note of any shots that happen to be required or advised. Failing to do so could create available for harmful exotic conditions that can wreck your holiday, or a whole lot worse, damage your overall health. When organizing an internationally journey or any type of hazardous trip, talk with your overall health insurance provider to see what you’re included for. Most health insurance firms will not likely protect traumas incurred throughout a multitude of risky pursuits, and lots of will never cover well being costs sustained internationally. You will need to get special traveler’s insurance for your health. Tend not to travel with packaged gifts. When traveling for your holidays, it really is attractive to obtain stuff done ahead of time and wrap your gift items, but don’t! The TSA will not let covered gift ideas on to airlines and they also should unwrap the gift ideas to examine their contents. So as to make by far the most of vacation in another country, try to program at the very least a number of actions that aren’t listed in tourist guide guides or blogs. This can be done by obtaining information and facts designed for and produced by local people, whether it is from papers, blogs or individuals on twitter. Moving outside of the traveler bubble can certainly make your holiday very much a lot more interesting and enjoyable. When traveling by using a pet, keep in mind that most pet items are better acquired in your vacation spot. As an example, unless your pet dog is on a unique diet regime, buying a case of pet food if you get there is simpler than seeking to transfer it. Bowls as well as other products are the same way. When you are traveling, put money into cash boxes that you can dress in inside your clothing or sew easy pockets in to the inside of your waistline music group. When you can not sew, question somebody who can to accomplish it to suit your needs or take it to some customize or seamstress, and request they sew an inside wallet for yourself. This will keep your belongings, identification and funds risk-free so you do not need to be worried about a person stealing your vacation handbag or budget. Seeing that you’ve received a number of the basic principles on travelling, educate your boss you take a trip, buy your airplane solution, fishing boat ticket or what ever signifies you intend on using and go! Remember to always be safe no matter if traveling on your own or perhaps not. Demand recommendations and help if you want it. A lot of people will not likely mouthful. Especially, Don’t become overloaded when arranging a journey. Make use of the information and facts located previously mentioned to help you strategy your trip. Attempt giving on your own room to learn a lot about traveling as it will pay away once you are in need of it.

  • When it’s a chance to get away, regardless of whether for business or delight, the knowledge of traveling may be fulfilling and enjoyable. Try taking some recommendations from those that success the roadways and byways consistently. A bit planning and forethought can help a lot on the path to a pleasant quest. Planning a street trip enjoyment set for youngsters may help make certain your family vacation is a aspiration instead of a problem. There is not any much better strategy to start to see the nation compared to a highway journey. Nonetheless, it is crucial that the young children continue to be entertained to be able to fight the monotony of any very long car drive. Load up travel types of preferred game titles, greeting cards, and older children could love a diary in which to papers their activities. If you will end up driving a car for your destination, fill a family member or close friend in on your vacation spot and planned path to get there. If some thing would afflict you whilst traveling, this individual can warn officers of the meant spot and also the highways you would have been travelling on. To make simpler the preparing process, attempt to load clothing in a matter of 1 or 2 hues. For instance, you can pack only glowing blue and khaki skirts and trousers and simply tops that are shades of blue and khaki. This procedure helps to ensure that whatever you pack coordinates with everything different, which means you will never ever have difficulties getting some thing to use in your vacation. If you’re will be touring quickly, don’t go through a local travel agent. You’ll get your trip charging double the amount. Instead, check around on the web by way of various discount retailers like expedia.com or travelocity.com. This will help save some money that may be greater put in once you come to your destination, perhaps on souvenirs, or for that nice guy online that provided you this idea. If you’re responsive to the smell of products (or maybe don’t like them!) attempt getting some small candle lights along with you on the vacation. It will help cover up the aroma from the cleaning solutions the maids use and the smells will also help unwind you. Some fragrances can even sooth you and provide you a greater night’s sleeping. With this particular selection of suggestions in your collection, touring will be a breeze, not a soreness. These are typically simple suggestions, but easy acts is surely an very successful protective. Simple sense is all you have to keep a vacation practical experience good and exciting, even though you’re exploring way off the beaten path.

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  • Vacation can mean the exhilaration of viewing new locations or perhaps the nightmare of lacking the convenience and stability of home. Like anything, vacation goes considerably more efficiently with a small amount of knowledge and prep. Please read on for several audio guidance from expert vacationers on producing your travels enjoyable recollections. Know about scams that try to prey on unwary travellers. In lots of poorer areas on the planet, it really is most dependable to imagine that anybody pleading for money or seeking to hold you back for just about any reason can be quite a pickpocket. Don’t possibly show or give your pocket to any individual, even if they boast of being law enforcement officers. If you will end up driving a vehicle to the location, load a family member or close friend in in your destination and arranged path to get there. If some thing were to afflict you when traveling, this person would be able to warn officers of your respective meant spot as well as the highways you could have been touring on. When traveling, it is very important ensure your airline will meet your requirements. Different airlines preserve various niche categories. Some are affordable, some provide superior service, and several focus on far more places than the others. Prior to deciding to publication any getaway by airline, investigation diverse airlines very first. It will save you a head ache. When staying at a accommodation that provides an electronic security alarm time clock, check both efforts and the security alarm when you appear. It really is a common prank to pre-establish the security alarm to really earlier times, or to mess with the time shown on the time. Late at night when you visit bed, you might not realize your time clock is a half-hour fast or sluggish. If you’re sensitive to the aroma of cleaning solutions (or just don’t like them!) try out delivering some modest candles together with you on your vacation. This helps mask the fragrance from the cleaners the maids use and the scents can also help unwind you. Some aromas can even sooth you and give you a better night’s sleeping. Touring lacks to become intimidating. You need to grow to be well-informed about this, but you should have a fun trip. You might have far more information on vacationing, now that you have look at this item.

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