New Home Sales Surge

New Home Sales Climb to Highest Rate Since April 2010

But wait...
New Home Circa 1963

377,000 units sold on a seasonally adj. basis is actually only 27,000 unit sales:
November saw a tiny 27K houses sold, of which just 2K in the northeast, and 3K in the Midwest. Furthermore, of these 27K actual new home sales, which by the way was the lowest number of home sales since February 2012, 9K were homes still under construction, and 8K were not even started, with just 10k homes completed and now sold.

New home sales chart above, not adjusted for population growth, shows current new home sales are approximately 40% less than in 1963. U.S. population in 1963 - 181,241,798. As of July 2011, US population -  311,591,917. In 1963, MLK gave his, "I Have a Dream Speech," The Beatles first hit, "I Wanna Hold Your Hand," was released and the top TV shows were, Petticoat Junction, The Beverly Hillbillies, Bonanza and The Andy Griffith Show.

Economic data - 1963
US GDP (1998 dollars): $617.4 billion
Federal spending: $111.32 billion
Federal debt: $310.3 billion
Consumer Price Index: 30.6
Unemployment: 5.5%
Cost of a first-class stamp: $0.04 ($0.05 as of 1/7/63)

Economic data - 2011
US GDP (1998 dollars): $15,100 billion
Federal spending: $3,360 billion
Federal debt: $15,222 billion
Unemployment: 9.0%
Cost of a first-class stamp: 45 cents

Read more: Top News Stories from 2011 — Infoplease.comInformation Please: http://www.infoplease.com/year/2011.html#ixzz2GI0TkEDi