Graph of the day: Record low New Home Sales in December

From Calculated Risk:

The Census Bureau reports, New Home Sales in December were at a seasonally adjusted annual rate of 331 thousand. This is the lowest sales rate the Census Bureau has ever recorded (starting in 1963). …This graph shows New Home Sales vs. recessions for the last 45 years. New Home Sales have fallen off a cliff.

Record Low New Homes Sales in December
Thu, 29 Jan 2009 15:22:30 GMT