Friday, Dec 28, 2007
Ooops, the US meltdown gathers pace!
Bloomberg: Sales of New Homes in U.S. Dropped 9% to 12-Year Low
Sales of new homes in the U.S. fell to a 12-year low in November, pointing to bigger declines in construction that will hobble economic growth throughout 2008.
Purchases dropped 9 percent to an annual pace of 647,000 and October sales were revised down to a 711,000 rate, the Commerce Department said today in Washington. Last month's sales were weaker than the lowest forecast in a Bloomberg survey.
Posted by tyrellcorporation @ 03:55 PM (113 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
No comments have been submitted.
Be the first person to add your comment by completing the form below.