Inquiring minds are investigating Texas MLS Residential Housing Activity and home sale statistics.







A tip of the hat to "Rob" who sent the above link.



July 2010 Sales 16,729

July 2009 Sales 22,426

July 2008 Sales 23,636

July 2007 Sales 27,387

July 2006 Sales 27,586

July 2005 Sales 26,147

July 2004 Sales 24,031

July 2003 Sales 21,870

July 2002 Sales 19,660

July 2001 Sales 19,532

July 2000 Sales 17,866

July 1999 Sales 18,653

July 1998 Sales 18,021

July 1997 Sales 15,385



Be prepared for a reported collapse in home sales and for economists everywhere to be surprised by it.



This is a 25.4% decline vs. July 2009.

This is a 22.6% decline vs. June 2010.



June 2010 sales were 21,610.



While not as important as new home sales, think of all the carpeting, landscaping, appliance upgrades, cabinets, etc., that will all go "poof" right along with this decline.



Mike "Mish" Shedlock

http://globaleconomicanalysis.blogspot.com

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