New Home Sales Floundering

Origination News says the Census Bureau reports new home sales fell in May to a seasonally-adjusted rate of 319,000, down from 326,000 in April.  Sales fell two percent below April, and 13.5 percent below May 2010.  IHS Global Insight economist Patrick Newport says new home sales are “stuck at the bottom”, and it takes 9.2 months for a builder to sell a home.  He expects a slightly better second half of the year, but says a normal market at a seasonally-adjusted rate of 700,000 new home sales per annum will not return for two to three years.

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top
blumen verschicken Blumenversand
blumen verschicken Blumenversand
Reinigungsservice Reinigungsservice Berlin
küchenrenovierung küchenfronten renovieren küchenfront erneuern