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June 25, 2010
Graph of the Day for June 25, 2010
"Today, President Obama, with Senate Majority Leader Harry Reid, announced funding for innovative measures to help families in the states that have been hit the hardest by the aftermath of the housing bubble... Home prices across the country are beginning to stabilize since the Administration's economic policies began to take effect in mid-2009." White House press release, February 19, 2010.
"May new home sales plunge 33%, surprising everyone." The Washington Post, June 23, 2010.
Data source: US Census Bureau. (New home sales in 2010 base on annualized rate of 1st quarter.)
Hoven's Index for June 25, 2011
Number of new homes sold in 2005: 1,283,000 (highest ever)
Fewest sold in a single year prior to 2009: 412,000 (in 1982)
Number sold in 2009: 375,000
Annual rate in 1st quarter of 2010: 348,000
Annual rate in May 2010: 300,000
Median price of new home in March 2007 (peak): $262,600
In Dec. 2008: $229,600
In Dec. 2009: $222,600
In May 2010: $200,900 (lowest since 2003)
Data source: US Census Bureau.
Graph of the Day Archive.