CHART OF THE DAY: New Home Sales Hit A 2-Year High

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Monday, June 25, 2012 New Home Sales Hit A 2-Year High For the month of May, new home sales came in at an annualized rate of 369K, blowing past expectations of 347K. Derek Thompson at The Atlantic points out that compared to pre-crisis history, this number is pretty tiny and pathetic, and that's true. But upturns have to start somewhere, and the fact of the matter is that New Home Sales have just hit a two year high. What's more, this better-than-expected number comes against the backdrop of an economy that seems to be losing steam. If housing can make an a-secular recovery, that would be a major, timely lift for the economy. Read » Also On Money Game Today: The 12 Most Hilarious Names Of Large Corporations STOCKS TANK, EUROPE CRUMBLES: Here's What You Need To Know Richard Russell's Ode To Gold NASDAQ DOWN 2% Advertisement CHART OF THE DAY: The German Economic Miracle Ends CHART OF THE DAY: The Philly Fed Collapse CHART OF THE DAY: The World's Biggest Consumer Goods Company Shows That Growth In Developed Markets Is Tanking Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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