Saturday, March 1, 2014

Interesting data on New Home sales in the past 2 years. Evidence of economic recovery or income inequality? I report, you decide...

Below is some new housing data I took from the US Census report on New Housing in the US(January 2013).

It shows the number of New Houses sold and a price range for those houses in the years 2012 and 2013. The numbers are in "thousands" so add 3 zeroes to the end of the numbers you see below.

In nominal numbers, the lions share of new houses are in the $200-$300,000 dollar range (141,000 built and sold in 2013).

I calculated the year over year percentage change in the number of houses in each price band.

The lower end of the market, the under $150,000 up to $200,000, had a net decline of 5%. 

The upper end of the market, $500,000 and over, had a net increase of 56.25%.

Evidence of an income inequality gap? I report, you decide.

Not sure how this compares to prior years and if this is an anomaly. Guess that is for another blog posting.

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