New home sales drop 13.4 percent, Lowest since October 2012, Rising mortgage rates and slow employment growth, June sales revised downward, Obamacare part time job economy

New home sales drop 13.4 percent, Lowest since October 2012, Rising mortgage rates and slow employment growth, June sales revised downward, Obamacare part time job economy

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

The article doesn’t mention the impact of Obamacare on the job market. It mentions slow employment growth.

But we are in a Obamacare part time job economy and still have high unemployment rates.

From Market Watch August 23, 2013.

“New-home sales slump to lowest rate since October”

“Sales of new homes slumped in July with each region seeing sizeable drops, raising questions about the recovery in the housing market.

New housing construction is seen in Poolesville, Maryland.
New-home sales fell 13.4% to a seasonally adjusted annual rate of 394,000 in July, the lowest rate since October, the U.S. Department of Commerce reported Friday.

Rising mortgage rates may be behind July’s drop, though the monthly data are quite volatile and economists had expected some pull back after sales gains in recent months. Longer-term trends point to continuing growth: new-home sales in July were up 6.8% from the year-earlier period.

“This was an unambiguously weak report, and it reflects in part some of the negative impact of higher mortgage rates,” said Millan Mulraine, director of U.S. research and strategy at TD Securities.

Economists polled by MarketWatch had expected a July sales rate of 485,000, compared with an original June estimate that pegged the rate at 497,000. On Friday the government revised June’s rate to 455,000.”

“However, there’s concern about the bite that rising rates will take out of demand. Since early May, the average rate for the 30-year fixed-rate mortgage has increased more than one percentage point. As the Federal Reserve starts winding down its massive bond-buying program, a tapering that could start this year, rates will continue to rise, forcing would-be buyers to scale back purchase plans.

Rising rates aren’t the only headwinds facing consumers and builders. Slow employment growth is also hampering sales as buyers are wary of forming new households. Also, relatively low inventories are heating up competition and prices, making it tough for first-time owners to participate in the market.”

Read more:

http://www.marketwatch.com/story/new-home-sales-hit-lowest-rate-since-october-2013-08-23

About these ads

53 responses to “New home sales drop 13.4 percent, Lowest since October 2012, Rising mortgage rates and slow employment growth, June sales revised downward, Obamacare part time job economy

  1. Good Morning CW et. al,

    Statistical manipulation is not new, in fact, one could call it an Art. When I was attending my company Six Sigma Black Belt training and Certification back in 2001; manipulating statistical data – Qualitative and Quantitative alike- is not as difficult as one may think.

  2. Just to add,

    In my statistical software Minitab, I have a tab just for that. It depends of course how I wish to use it.

  3. Mr. Bill(ms. helga)

    There are 3 kinds of lies –

    1 – Big Lies

    2 – Small Lies

    3 – Statistics

  4. HOW APPROPRIATE.
    ” A MILLION MUSLIM’S SURROUNDED BY TWO MILLION HOGS !”

  5. NOW WON’T THAT BE FUN !!!

  6. RminNC,

    EXACTLLY…….

    WITH ALL PUN INTENDED!!!!

  7. How much you wanna bet that the bikes get blocked, and allow the moo-sulims through?

  8. RMinNC | August 24, 2013 at 12:57 pm |

    Hey RM,

    They need to wrap some bacon around the handlebars; better yet, put some cute little piglets in their saddlebags.

    Talk about living high on the hog :).

  9. I’ll wager 500 dollars, against anyone that this in fact happens. I’ll donate it to anyone’s choice of charity. I’m serious.

  10. If is doesn’t, then you donate the same 500 dollars to my choice of charity. Any takers?

  11. I like Jimmy Z’s admonishment to prayer for a Divine Intervention. Allah is a false god. Pray for the God of the Bible to intervene. Reminds me of the Bible story of Elijah versus the priests of Baal.

  12. By the way, last year, doing security guard work at a mall after hours, two punks came into the parking lot in a pick-up. They climbed out and I could hear them planning to roll me. I said a little prayer: “Jesus, I could use a little help!”

    Just then a Biker on a Harley came riding in. He looked like a body builder, huge biceps. He drove up right next to where I was standing and started talking with me, acting like my best friend. He scared off the two punks. I said, “Thank you, Jesus.”

  13. Here’s another (& I think a better) link to that Biker’s protest. This may be from their site. I’m not a member of FB so can’t say.

  14. My friends,

    I do apologize if I am appearing arrogant or non-tolerant, but it is certainly not towards any of my dear friends here in this blog. I am however serious about the bet and the amount. I will hold true to my word.

  15. One more thing, the barber in the small town where I live used to be a Biker and after that became a Pentecostal minister. So when you go to get a hair cut, you also get prayed over. Anyway, before he became a barber, he was a full time minister.

    It turned out that the church where he was minister needed painting. So he asked all his old Biker friends to give him a hand. The town was flooded with Bikers, all coming to help paint the church. Some religious folk got a little bent out of shape, but the church got painted really nice.

  16. Loved the stories, Dean. :-)

  17. Glad you liked them, thistle. They are true stories, by the way.

  18. ……maybe the bikers will have a HOG ROAST and the smoke will float around the MOOZIES head and really GAG them. Their asses will be in the air for another reason than prayer. While they are praying …..you don’t want to be DOWNWIND.

  19. ,………..a very large percentage of American HOG riders are military vets, and they do know what time of day it is…….if you follow what I mean.

  20. while I can’t say with certainty, I believe that there is a sub surface,seething anger inside of decent folks, towards the ever growing ISLAMIC RADICAL menace that is going to soon explode. Black PUNKS who think that they can get away with murder are going to discover that almost all of the states are either in the process of changing their criminal laws so that teenage PUNKS can be prosecuted as adults. There is at least one state which already has laws that allow the state to detain a perpetrator to be held indefinitely,or until he/she comes of age at qhich point he/she will be prosecuted to the letter of the law.

  21. ……….the latter is not really my idea of JUST application of our laws. If a teenage punk whether he /she is black,white, red ,or yellow perpetrates a criminal act the same law which applies to adults should apply to the PUNKS as well. When they start wantonly murdering people for FUN,RETALIATION,or whatevr if the penalty calls for DEATH then SO BE IT. As long as there are “BLEEDING HEARTS” juvenile advocates who think that the punks “REALLY DIDN’T MEAN IT”, and are able to pass laws which literally allows them to walk free as a breeze. First thing they do is put their hat on backwards,pull their pants down over their legs,and resume their STUPID activity AGAIN.Even their own people are getting enough of the slimey ,stinking scum bags.

  22. Mr. Bill(ms. helga)

    Here is a picture of the last time Rolling Thunder was at the White House. That’s Nancy Sinatra sitting on the back of Art’s HD.

    http://www.washingtontimes.com/multimedia/enlarge/image/20120524-201423-pic-104699400jpg/?iframe=true&width=830&height=800

  23. ……….hopefully the BIKATHON will NOT PROVOKE a confrontation…..but if the MOOZIES throw the first punch the bikers are legally allowed tro defend themselves. If the MOOZIES are smart they will stay the hell away from the DC area. It is doubtful that any biker who is attacked in any way is going to stand there and let a GOAT LOVING TOWEL HEAD beat ,or cut on him. It could easily become the act which will be seen by ALL the WORLD OVER!

  24. ……..If there are a million bikers in DC it is probable that even the US Army, or even the Marine Corps could muster enough troop strength quickly enough to put down a serious confrontation. It could get really HAIRY……FAST!

  25. bye bye…………pizza time!

  26. This is an excellent article from the UK. It is disturbing that, because of our incompetent, biased media, we have to learn the truth about our own country from a foreign news source.

    EXCLUSIVE: Explosive new book sets out case for impeaching Barack Obama over Benghazi, health care reform, immigration and spying scandals

    In a lengthy indictment of President Barack Obama, two best-selling authors argue in a forthcoming book that the current occupant of the White House has committed numerous ‘high crimes and misdemeanors’ that could justify his impeachment and removal from office.

    ‘Consider this book to be … a blueprint for drafting articles of impeachment,’ author Aaron Klein told MailOnline, which exclusively reviewed a copy of his ‘Impeachable Offenses,’ a book co-authored with Brenda Elliott and due out August 27.

    ‘It is up to the public and ultimately up to to their elected representatives,’ he said, ‘to decide what to do next.’

    READ MORE…..

    http://www.dailymail.co.uk/news/article-2393767/EXCLUSIVE-Explosive-new-book-sets-case-impeaching-Barack-Obama-Benghazi-health-care-reform-immigration-spying-scandals.html

  27. ……..before I get out I want to leave another thought to consider….. If a SLIMEY STINKING PUNK HAS A POTENTIALLY LETHAL WEAPON IN HIS HAND ,AND HAS THREATENED TO USE IT ON YOU YOU ARE THEN legally WITHIN YOUR RIGHTS TO LET HIM TASTE WHAT A CONCEALED .44 MAGNUM HAND CANNON WILL DO TO HIS STINKING A$$.

  28. G’NITE ALL………..HEY CLINT….WHEN ARE YOU GOING TO RUN FOR POTUS? I WILL EVEN LET YOU BRING YOUR TRUSTY S&W .44 MAGNUM WITH YOU, AND KEEP IT LYING ON YOUR DESK IN THE OVAL OFFICE. HAR HAR

  29. Someone go around and spray the ‘out houses’ with pork fat inside and out! :) All the bikers needs to take their jam boxes with them and everyone all at once play ‘JESUS’ music. :) “How Great Thou Art”

  30. Hey SUEK and GINGER……

    Let’s meet in Washington and give these poor tired Muslims a FREE breakfast of BACON or SAUSAGE and all the eggs they can eat……

    lets see if they are really MUSLIMS or just faking it.

  31. RMinNC………..

    Can I ride my three wheeler bike with my basket? I can roll up the bacon (raw) make it look like a goats a$$ cover with a biscuit and let them enjoy. btw….I can make them bite size so they get it all at once. You think maybe allah will disown them? hahahahahaha Or maybe they will just blow up.

  32. Lame Cherry, who has been correct on so many truths before they were revealed, suggests Soetoro was killed June 13 and replaced with a stand in. He points to several physical attributes of the stand in that differ from Soetoro; his relocated and lost facial mole, his newly fattened hands, dimples on his legs. I am always open to what Lame Cherry observes but offer a suggestion that might seal the argument. I play golf and note that each persons swing is unique and not unlike a fingerprint. It seems almost impossible for someone to exactly replicate the golf swing of another person. An evaluation of the many poses of Soetoro on the golf course before June 13 and those recently taken should show a clear difference if there is now a stand in. Also the scars Soetoro has on his head, ostensibly from brain surgery after a horrific car crash in Hawaii some years ago, would be very tough to replicate on the stand in’s noggin.

  33. Evidence U.S. bribed Muslim Brotherhood officials
    Document surfaces ahead of criminal trial of ousted leaders

    A question apparently being raised in next week’s trial in Cairo of Egyptian Muslim Brotherhood leaders facing criminal charges is this: Was the Obama administration paying bribes as large as $850,000 a year to the Morsi government that were distributed by top ministerial level officials to Muslim Brotherhood leaders, with the direct involvement of the U.S. Embassy in Cairo?

    WND is in possession of an official document from inside the Morsi government that lends credibility to a report published in Arabic by an Egyptian newspaper in Cairo that lists the charges brought by the current military-controlled government against Egyptian Muslim Brotherhood leaders.

    http://www.wnd.com/2013/08/evidence-u-s-bribed-muslim-brotherhood-officials/

  34. Jonah………..
    I would like to expand upon your comment slightly by adding that there is a strong potential that the same document (which WND now has a copy of) could easily put Soetoro IN PRISON. Personally I believe that WE THE PEOPLE ALREADY have enough to JUSTIFY the inprisonment of Soetoro……even without the Morsi document. Sadly our alleged Congress still sees fit to continue it’s charade of INCOMPETENCY,and COWARDICE.

  35. Ginger……….
    I am betting that there will be a lot of Harley three wheelers at DC…..but most will be carrying lots of DRINKABLE refreshments! HAR HAR. Bikers are generally known for their inordinate level of alcohol consumption. HAR HAR Virtually every biker club has it’s own three wheeler BEER truck!

  36. Bill G

    Remember when Barry (1) or Barry (2) had to have stitches on his lower lip when he was injured playing basketball? Some bloggers joked that moose did it! haha I have not seen the scar?? I have noticed that moose is lovey dovey with this Barry. Or should I say she does not act like she is puking when forced to ‘photo opt’ a kiss with him.
    Remember when Reggie packed his bags and left the White House? What month was that?

  37. oldsailor81

    I do not like beer and I do not drink sodas so I guess I will fill my cooler with H2O and lemonade. : D

  38. oldsalt,
    Almost every day I read that Obama the Fraud has committed yet another offense against the American people while Congress rolls over and plays dead and the American press serves as his lap dog.

    There is a grassroots action group that is rapidly spreading throughout the country calling for Obama’s impeachment. I went to a rally in my state last week and met a fellow from Columbus, Indiana who had been to 8 rallys throughout the country (his job requires that he travel a lot). Everyone may want to go to the website and look for an upcoming rally near them.

    https://www.facebook.com/OverpassesForObamasImpeachment

    And here’s a list we should all send to our Senators and Representatives and demand they impeach Obama…….

    Obama Supporters Will Go Hysterical Over This Well Sourced List Of 252 Examples Of His Lying, Lawbreaking, Corruption, Cronyism, Etc.

    http://danfromsquirrelhill.wordpress.com/2013/08/15/obama-252/

  39. Black American citizens file “Articles of Impeachment” against Obama

    The National Black Republican Association (NBRA) based in Sarasota, FL, headed by Chairman Frances Rice, filed Articles of Impeachment against President Barack Obama with the following language:

    We, black American citizens, in order to free ourselves and our fellow citizens from governmental tyranny, do herewith submit these Articles of Impeachment to Congress for the removal of President Barack H. Obama, aka, Barry Soetoro, from office for his attack on liberty and commission of egregious acts of despotism that constitute high crimes and misdemeanors.

    On July 4, 1776, the founders of our nation declared their independence from governmental tyranny and reaffirmed their faith in independence with the ratification of the Bill of Rights in 1791. Asserting their right to break free from the tyranny of a nation that denied them the civil liberties that are our birthright, the founders declared:

    “When a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.” – Declaration of Independence, July 4, 1776.

    THE IMPEACHMENT POWER

    Article II, Section IV of the United States Constitution provides: “The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.”

    THE ARTICLES OF IMPEACHMENT

    In his conduct of the office of President of the United States, Barack H. Obama, aka Barry Soetoro, personally and through his subordinates and agents, in violation or disregard of the constitutional rights of citizens and in violation of his constitutional duty to take care that the laws be faithfully executed, has prevented, obstructed, and impeded the administration of justice, in that:

    ARTICLE 1
    He has covered up, delayed, impeded and obstructed the investigation of the Benghazi Battle.

    READ MORE…….

    http://watchdogwire.com/florida/2013/08/13/black-american-citizens-file-articles-of-impeachment-against-obama/

  40. Thank You ….Jonah

    You just gave me HOPE that our country will stay our AMERICA

    Lets Roll

  41. I have ask this once before and am curious if any one else has noticed! If I have missed it but…… has any one noticed that Barry has NOT made his usual ‘photo opts’ when signing any bills or executive orders? Is he just using the ‘auto pen’?

  42. KEEP OR ARMED FORCES OUT OF SYRIA……..YOU LOUSY FRAUD!
    Sorry for screaming. 8-)

  43. There is another organization besides the overpass group trying to go forward with a Convention of States. It is real, legitimate and off the ground and established. One of its founders (Michael Farris- you will find him on facebook) appeared on Huckabee last weekend to explain the process of a convention. Go to the site, read what they are attempting to do. This is something that anyone can participate in and support. I have posted it once before, as well as the information about the bikers going to D.C. on 9/11.

    “Also, Heard of the “runaway convention” objection? Dr. Rob Natelson, esteemed Constitutional scholar and leading expert on Article V, puts that objection to rest.”

    http://www.conventionofstates.com/

    https://www.facebook.com/conventionofstates

    https://www.facebook.com/michael.farris.374

  44. RaymeCampbell1

    Cronyism, Corruption, Cover-Ups Cited As ‘Impeachable Offenses’ – Explosive Book Connects Dots With Results Usurper ‘Obama’s’
    Defenders Will Find Troublesome

    http://www.wnd.com/2013/08/cronyism-corruption-cover-ups-cited-as-impeachable-offenses/

    ================

    New Obamacare Lawsuit May Reach Supreme Court & Deem Obama/IRS Actions Unconstitutional

    http://freedomoutpost.com/2013/08/new-obamacare-lawsuit-may-reach-supreme-court-deem-obamairs-actions-unconstitutional

  45. To All………..
    Actions against a country no matter how insignificant, can be seen as a hostile act against that country. This can be brought before the war crimes body at the Hague. If the complaining country is successful in obtaining action by the International Courts WAR CRIMES Commission, Soetoro, and not even Msssssssssssss.Jarret will be able to intervene in the subsequent hearings. It is probable that Soetoro would end up being prosecuted for hostile acts against countries wherein innocent civilians were killed. Like the war crimes trials at Nurenberg,if convicted he would probably face the gallows.

  46. …………for people who think that the International Courts have no power you need to think again. They can order the arrest of anybody on this planet, and it is doubtful that there would be any resistance by any country,especially if that country’s leader has committed acts which are proveable war crimes. That body has a PERFECT RECORD of convictions, and all who were convicted only a few escaped being hung. They are serving severe,and lengthy sentences.

  47. KAKS………….
    Right you are! But keep in mind that ultimately for there to be a Constitutional Convention there MUST BE AT LEAST 3/4 of the states approving such a convention, andn it also requires at least 3/4 of the states for ratification of ammendments. I believe that this is STILL the law as such.

  48. Kaks……..
    While there have been many attempts to bring Article 5 Conventions over a lengthy period there has NEVER been a successful Article five attempt to Convention As I recall Senator Dirksen was the only person who ever came close to obtaing the required threshold of 34 states. That try was unsuccessful because of ONE state. Over the interim period many of the states have rescinded their Article 5 Convention attempts. But because of the way we are now seeing such litigation anything is possible,but NOT NECESSARILY PROBABLE.

  49. Jonah,

    They are “All” lapdogs in my personal opinion and wouldn’t know what honor or integrity serving this Country and their Obligations was if it was covered as a cream pie smacked in their face.

    However, I do believe it they keep pushing, the less that .001% of leaders in this entire Country, will garnish the 60% wrath of millions of citizens. Personally, I wouldn’t want to be on the .001 percentile.

    Just my opinion

  50. Axelrod: Impeachment Talk ‘Virus That Needs To Be Curbed’

    David Axlerod has yet again proven himself to be an idiot. Obamacare and Obama himself are the virus in this country and need to be removed…now.

    http://www.westernjournalism.com/axelrod-impeachment-talk-virus-needs-curbed/

  51. Get yours now!
    **********************

    “Obamacards”

    Bill gets an entitlement card and a race card….fun for all!

    http://www.westernjournalism.com/obamacards/

  52. Click for details on how Obamanomics is screwing the middle class in favor of the top 1%…

    New estimates derived from the Census Bureau’s Current Population Survey by Sentier Research indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the “recovery,” after having fallen by 1.8 during the recession. During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098). So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama “recovery” began.

    http://www.ijreview.com/2013/08/74867-obamanomics-fail-americans-incomes-fell-by-twice-as-much-during-recovery-than-during-recession/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s