Thursday, May 24, 2007
Up down merry-go-round
Bloomberg News: US New Home Sales in April Jump by the Most in 14 Years
Purchases of new homes in the U.S. unexpectedly jumped in April by the most in 14 years, a sign low lending rates and incentives may be reviving demand. Sales rose 16 percent to an annual pace of 981,000 last month from an 844,000 rate the prior month that was less than previously reported, the Commerce Department said in Washington. The supply of unsold homes at the current sales pace dropped.
Posted by benstar @ 03:46 PM (242 views) Add Comment
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