By Frank Wallem
A report of Econ New Homes That shows sales of new homes still falling heavily When Compared with the Corresponding Period last year. The periodic Measured in the report is from mid-February two mid-April.
Chief Economist Kjetil Bjørnstad in Economic Analysis Assume the role of advocate for residential builder industry in its presentation of the figures in E24. He chooses two focus on the parts of the country especially in Nor-Norway where sales growth due two development activity in the oil industry is strong and not for example Norway where development is weak. Even more remarkable is That he chooses to compare with the number of sales in the preceding two-month period.
The preceding period, ie the periodic from mid-December two mid-February is traditionally a weak periodic sales of new homes. If there had Been an Increase From That periodic to the periodic from mid-February two mid-April it would havebeen mildly sensational.
Fortunately journalist in the E24 a bit more awake than you might otherwise experience When he confronted Bjørnstad with the problematic in That They now also have two favoring emphasize the preceding periodic instead of the only relevant ie the same period last year. In the coming Bjørnstad with the followings wing startling answer According to the newspaper:
"Now we do both. Right now it is Important to point out That Comparing with the same period last year is old news. Had we Compared with last year's figures, we had had a negative sales trend Although it now turns. We believe that's it would give the wrong Indication of the development. "
The best thing one can say about this Is that in any case it is better That You Clearly admit That Manipulate figures When they have Their own beliefs about evolution than That try to hide Their manipulations. A more serious line would still havebeen presenting the numbers as They are, but point out That Despite everything looks positive moves towards a stabilization and give a reason for it. I do not rule Bjørnstad That is right That the sharp decline in new housing sales have stalled, but that's not the point here.
Another issue is that's it is almost laughable When Comparing with the same period last year Described as "old news." Well, the point Is that the numbers That last year's figures are Compared with the are brand new. This reasoning leads in general to the comparison with last year's figures are always old news.
We march well there would expect That the future will Bjørnstad Refrain from such comparisons or is it only When The figures show a decline from the previous year comparison is old news?
Frank Wallem is an investor and entrepreneur with a number of businesses and investments. He is also considering several real estate investments. As such, he march also have an interest in the sale of new homes do not fall too much. Wallem seems, however, the value of basing Their decisions most in fact and not just "guess".
