January 29th, 2008
New home sales see historic drop
The sales of new homes dropped by a record amount in 2007, while sales prices had their weakest showing in 16 years. If that’s not enough to shake builder confidence, what is?
The sales of new homes dropped by a record amount in 2007, while sales prices had their weakest showing in 16 years. If that’s not enough to shake builder confidence, what is?
The U.S. Commerce Department reported that sales of newly built homes fell to a 12-year low in November.
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Written by Dan Rafter [email] for b5media.
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