Ah yes, the RECOVERY

NEW HOME SALES COLLAPSE TO 50 YEAR LOW…GOSH, IT’S SO WEIRD THAT THE BAILOUTS TO BANKS DIDN’T HELP HOUSING THE WAY BUSH/OBAMA PROMISED…

WWW.BIZJOURNALS.COM -- New-home sales plummeted 11 percent to a record low in January, creating more concern about the hard-hit construction and housing market — and the economic recovery. The Commerce Department says new-home sales fell to a seasonally adjusted 309,000 units in January, the lowest level in almost 50 years. In 2009, new-home sales declined to the previous record low of 374,000, a 23 percent drop from 2007. More than a million homes were sold annually from 2003 to 2006, the Commerce Department said. The decline nationwide has construction officials and economists worried. Economists had expected a 5 percent increase last month compared to December, according to an Associated Press report.

more