Will President Bush point this fact out to the American people in his next installment of his "selling of the war" via the main-stream media news conferences? Of course he won't but Kidrocks will and it will indeed be my pleasure.
Anything to drive his approval-ratings down further and thus guarantee a huge defeat for the Republican Party come November 2006!
And I didn't even mention the war in Iraq!
ENJOY!
http://news.yahoo.com/s/ap/20060324/ap_on_bi_go_ec_fi/economy
WASHINGTON - Sales of new homes plunged by the largest amount in nearly nine years in February while the median price of a new home dropped for the fourth straight month, providing fresh evidence that the nation's once-booming housing market is cooling off.
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The Commerce Department reported that sales of new single-family homes dropped by 10.5 percent last month to a seasonally adjusted annual sales pace of 1.08 million homes. It was the second straight monthly decline and was much bigger than the small 2 percent dip that Wall Street was expecting.
The drop in new home sales followed news Thursday that sales of previously owned homes actually rose by a stronger-than-expected 5.2 percent last month following five straight monthly declines. Analysts said the trend in both reports pointed to a slowing housing market after five record-setting years.
The slowdown in sales was putting pressure on prices. The median price of a new home sold last month dropped to $230,400, down by 1.6 percent from January and off 2.9 percent from February 2005. The median is the mid-point where half the homes sold for more and half for less...