The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 319 thousand. This was down from a revised 326 thousand in April (revised from 323 thousand).

The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate.

Sales of new one-family houses in May 2011 were at a seasonally adjusted annual rate of 319,000 … This is 2.1 percent (10.7%)* below the revised April rate of 326,000, but is 13.5 percent (13.6%)* above the May 2010 estimate of 281,000.

And a long term graph for New Home Months of Supply.

Months of supply decreased to 6.2 in May from 6.3 months in April. The all time record was 12.1 months of supply in January 2009.

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You never know when you are likely to be in an incident or accident then may cause injury. Sadly, it’s a fact of life that we are susceptible to such accidents and hundreds of thousands of us will endure some sort of trauma in this coming year. You will need to have the capacity to stand up for your personal rights rather than to turn the other cheek as many of us might have been taught to try and do when we were a youngster. Often times some other person could be to blame for the damages and youve got to be able to chase them to set the matter right.

Although many of us think that it is usually going to happen to the other person and that accidents often fall upon a certain demographic mainly young adults whore a bit too foolhardy, stats demonstrate that a significant number of injury claims happen to be attributable to small children. I

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Gross mortgage lending rose by 12% last month after a run of bank holidays suppressed the market in the April.

The Council of Mortgage Lenders (CML) said a total of £11.3 billion was advanced during May, up from £10.1 billion the previous month and an increase of 1% year-on-year, but warned activity is likely to remain flat over the coming months.

The CML said the rise should not be seen as a return to strength in the property market. The increase was driven by a rise in the number of remortgages as concerns rose about the possibility of a rate rise as opposed to more first-time buyers entering the market or an increase in new transactions.

The improvement is expected to ebb away in the short-term as the threat of a rate rise recedes.

CML director general Michael Coogan said: “Gross mortgage lending in May recovered after low activity levels in April. Dis

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However much you desire retirement, you cant walk into it with your eyes wide shut. There are things to put in place that will make that time of your life worth living. Be sure you get them installed; otherwise, you’d be a very unhappy person.

You want to plan for your retirement; you dont want that time of your life to come upon you suddenly and you are still laying bricks, so to speak, depending on a lot of people to help you out. That simply does not speak well of someone who has just spent the past 65 years working for their nation. However did things get so bad?

retirement investing is more difficult than ever this day. Its hard to trust bank managers and fund managers in light of current financial crisis. investing for income need very careful study as money is integral to a happy retirement.

You dont want to be a retiree depending on the government to pay you way through the rest of life. T

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Poor people and pensioners have suffered a higher rate of inflation than the rich over the past decade, according to research from the Institute for Fiscal Studies (IFS).

The IFS said the disparity has been particularly pronounced since the beginning of the recession in 2008.

The thinktank’s analysis of inflation data showed that the poorest fifth of households had faced an inflation rate of 4.3% between 2008 and 2010, while the richest 20% only had a rate of 2.7%.

Rocketing food and energy prices have had a greater effect on poorer households as they spend a greater proportion of their income on essentials, while the rich have benefitted from low interest rates on their mortgages.

The poorest fifth of households spent 9.4% of their incomes on household fuel in 2009, while the richest 20% spent just 4.4%.

Pensioners have been particularly badly hit with data showing they are currently experiencing inflation of 4.6%, 0.1% above the Consumer Price Index (CPI).

The IFS predicted that rising fuel and food prices could see the situation worsen for the poor in the short to medium-term.

An IFS spokesperson said: “Our modelling suggests that the average household in the poorest fifth of the population will reduce fuel consumption by 6% in the face of a 10% fuel price increase.

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