Archive for the ‘New Home Sales’ Category


New Home Sales Plunged, But There’s More to the Story

Thursday, December 24th, 2009

One day after November’s Existing Home Sales report blew away estimates, the Census Bureau’s related New Homes Sales report failed to impress. In a lackluster showing, New Home Sales dropped 11 percent in November, falling to the lowest levels since April. Furthermore, the all-important “months of supply” climbed by a half-month to 7.9. But there’s a very good reason why.