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Real Estate & Property Law

: Housing Wire

New Home Sales Hit 17-Year Low

By DIANA GOLOBAY

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New home sales fell 5.3 percent in October to 433,000 — its lowest level in 17 years — the Commerce Department reported Wednesday. On a year-over-year basis, new home sales are down 40.1 percent from October 2007. Local views, although varied, reflect the dismal national picture: New home sales fell 6 percent in the South [...]

Full post as published by Housing Wire on November 26, 2008 (boomark / email).

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