OlympicsHousing
Jan 1, 2008
November New-Home Sales Drop 9%
“We believe today's highly elevated inventory levels will cause further significant pressure on pricing, and drive large impairment charges over the next few quarters, pushing the emergence of a trough further out.”
The Commerce Department reported this morning that sales of new single-family houses in November fell 9.0% to a seasonally adjusted annual rate of 647,000, its lowest rate in 12 years, according to estimates ... via Tools of the Trade
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| Many South Florida owners taking losses to sell... | 5 min | Bill Neubauer | 41 |
| "Liar loans" threaten to prolong mortgage crisis | 9 min | JoyceNYC | 16 |
| Economist: Grand Strand may be hitting bottom | 12 min | Kenneth | 16 |
| Homebuilding blues could lift next year | 3 hr | concerned one | 28 |
| Children suffer consequences of foreclosure crisis | 8 hr | Michael Surles | 1 |
| Wall Street advances moderately following upbea... | 10 hr | dude | 69 |
| Marin homes sales, median prices slump | 14 hr | mattoid66 of... | 7 |
Leo
Most Popular