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Housing market is still at depressed level

New homes built during the bubble are still not moving much; adding to the problem is the retreat of existing home sales, due to the expiration of housing credit.

The housing market still points to an anemic economic recovery for the US economy.

Graph courtesy of CalculatedRisk.

http://4.bp.blogspot.com/_pMscxxELHEg/S6o8Qu31ZfI/AAAAAAAAH3Y/w6cwkIYBLE8/s1600/DistressingGapFeb2010.jpg

http://4.bp.blogspot.com/_pMscxxELHEg/S6ocP2fkFNI/AAAAAAAAH24/CUNvbnGsoZc/s1600/NHSNSAFeb2010.jpg


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