Housing Recovery

I have not attempted to verify this data, but if true, this chart is shocking.  It shows new home sales under $200,000 at 52,000 in 2005, and sinking below 10,000 and never coming back.  Still.  I recognize that this chart probably is in nominal terms, and that’s an average to below average new home price, but it’s not like he’s tracking new homes under $50,000.  From David Stockman:

Capture2

 

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