New Home-Sales down
August 24, 2006 by admin · Leave a Comment
Everyone has predicted the end of the super hot housing market. Now many of the industry leaders are starting to confimr the bouble has popped.
WASHINGTON – Sales of new homes dropped in July by the largest amount since February while the inventory of unsold homes climbed to a record high.ADVERTISEMENTTheCommerce Department reported Thursday that new home sales fell by 4.3 percent last month to a seasonally adjusted annual sales pace of 1.072 million units. The decline was the largest since an 11.5 percent plunge in February.
New home sales drop 4.3 percent in July – Yahoo! News
You can also listen to an NPR podcast on this exact topic click here to listen
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