I know there are brilliant minds here at ForexFactory, I am obviously not one of them. I am very puzzled about New Home Sales. If you look back over the whole year there were about 13million or so new home sales... my question is: Who buys these homes? Last year there were even more new home sales than this year... so over the past two years there have been what... 30 million new homes saled? Existing home sales makes sense, people move all the time.
Please explain the numbers to me and how it makes sense to you. Anyone can leave a response, I would like weird theories as well.
Corporations foreign or domestic purchasing new homes?
Individuals (Gates, Buffet etc) buying massive numbers as investments?
I just dont understand, given population growth and other factors.... how can this be?
Sorry for the trouble.
Please explain the numbers to me and how it makes sense to you. Anyone can leave a response, I would like weird theories as well.
Corporations foreign or domestic purchasing new homes?
Individuals (Gates, Buffet etc) buying massive numbers as investments?
I just dont understand, given population growth and other factors.... how can this be?
Sorry for the trouble.
The market is my nation. Traders, my family. Hello, brothers and sisters!