New home prices data

There's an update on CNN on new home prices: here

• NEW YORK (CNNMoney.com) -- New home prices took their biggest hit in more than 35 years in September, the government said Thursday, the latest sign that builders are struggling to unload a glut of unsold homes as the nation's real estate market cools.
  
  The lower prices may have worked, as the annual pace of new home sales climbed 5.3 percent to 1.08 million last month, according to the Census Bureau report. Economists surveyed by Briefing.com had forecast a reading of 1.05 million, which would have been flat with the initial August reading.
  
  But the median price of a new home tumbled 9.7 percent from a year earlier to $217,100. It was the sharpest drop since December 1970, when prices posted an 11.2 percent decline, and was the fourth largest year-over-year decline on record.
  
  The September price slump also marked a 9.3 percent decline from August and a 15.5 percent drop from the record high price of $257,700 posted in April of this year.

Hmm... a non-issue in a 'bullish' Dow?

So who's really hurting from all these drop in 'market prices'?

I wonder.

Here's something interesting: Top 10 foreclosure markets

And Chris Puplava piece on his FSO Market wrap is certainly worth a read: Housing & Energy Economic Review

Take a look at this chart posted.

Figure 1. NAHB HMI

Source: Dismal Scientist, Data: National Association of Home Builders