Sunday, March 1, 2009

New home sales at all-time low


Posted by Andrew Moran

NEW YORK (CNNMoney.com) -- Sales of newly constructed homes fell 10% in January, sinking to the lowest level on record, according to a government report released Thursday.

The U.S. Census Bureau reported that new home sales fell to a seasonally adjusted annual rate of 309,000 in January from a revised 344,000 in December. It was the lowest level since the Census Bureau began keeping records in 1963.

Economists were expecting a sales rate of 324,000, according to consensus estimates compiled by Briefing.com...Click here to continue reading

1 comment:

  1. If HOUSE SALES ARE DOWN , WHY HAS MY ASSESMENT GONE UP?
    At a meeting with the assor they base the increase on sales in my area.

    ReplyDelete