New home sales in July

http://www.zerohedge.com/article/rosenberg-explains-why-not-one-new-home-priced-over-750000-sold-july

The high-end market, in particular, is under tremendous pressure. In fact, it is becoming non-existent. Guess how many homes prices above $750k managed to sell in July. Answer — zero, nada, rien; and for the second month in a row."

New home sales plunge 33% in May

How's that recovery in the housing industry going?

http://www.marketwatch.com/story/new-home-sales-plunge-33-to-record-low-in-may-2010-06-23

Not only have May new home sales dropped to a record low since statistics have been recorded, but March and April figures have been revised lower also.

This is consistent with my thesis that this "jobless" recovery is not a recovery at all. Watch how government economists and the financial media try to spin this latest data.