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Loan Modification

: Mortgage Lender Implode-o-Meter

February new-home sales dive 16.9% to record low

By Implode-Explode Heavy Industries

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``Sales of new single-family homes slumped 16.9% to a record-low seasonally-adjusted annual rate of 250,000, the Commerce Department estimated Wednesday... Compared to February 2010, sales slumped 28%. Every region but the West saw record lows, and in the Northeast, sales dropped by 57% compared to January levels. ''

Full post as published by Mortgage Lender Implode-o-Meter on March 23, 2011 (boomark / email).

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