New Homes Sales Plunge 33%
Posted by Ted C. Jones on June 23, 2010
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New home sales plunge 33 percent hitting record low since statistics have been collected. See Marketwatch article
Posted by Ted C. Jones on June 23, 2010
Images for this post are temporaraly unavailable.
New home sales plunge 33 percent hitting record low since statistics have been collected. See Marketwatch article
Ted C. Jones, PhD is the Senior Vice President-Chief Economist for Stewart Title Guaranty Company and also Director of Investor Relations for Stewart Information Services Corporation (NYSE-STC). He addresses the information needs of stockholders, conducts on-going research ... READ MORE
Stewart News
Is it correct to assume that the recent severe contraction in contracts will have more of an impact in Q3 than Q2 due to the lag time between contracts and closing when Stewart gets paid? Seems like since so much activity took place prior to April 30, and contracts must be closed prior to June 30, this activity will hit in Q2. Then, Q3 results will be negatively impacted by the large drop in contracts after April 30, many of which may close after the end of Q2.