Home / Federal Reserve / New Homes Sold in the USA: Popped Bubble
Print Friendly and PDF

New Homes Sold in the USA: Popped Bubble

Written by Gary North on February 26, 2013

There is a housing recovery in the “sand states,” where the crisis was the worst. But any suggestion that happy days are here again is refuted by the graph from the Federal Reserve Bank of St. Louis. New home sales have barely recovered to the level of the bottom sales in previous recessions.


The middle class has not recovered from Greenspan’s bubble. It will not recover for years.

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

One thought on “New Homes Sold in the USA: Popped Bubble

  1. We will not recover, because we are not supposed to. The Fed has rigged our fortunes through their policies to ensure it.