Thursday, November 12, 2009

Homes & Autos

The Lehmann Letter ©

Time for a reality check.

Look at these charts.

New-Home Sales

(Click on chart to enlarge)

(Recessions shaded)

New-Vehicle Sales

(Click on chart to enlarge)

(Recessions shaded)

New-home sales were 402,000 in September and new-vehicle sales were 10.4 million in October. We’ve barely moved off the bottom of these charts. What kind of recovery is that?

(The charts were taken from [Click on Seminars and then Charts.] Go there for additional charts on the economy and a list of economic indicators.)

© 2009 Michael B. Lehmann

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