Monday, March 26, 2007

Here comes the first really bad news…

New-Home Sales in U.S. Fell 3.9% to 848,000 Pace in February

Purchases declined 3.9 percent to an annual pace of 848,000 last month from a revised 882,000 rate in January that was lower than previously reported, the Commerce Department said today in Washington. The supply of unsold homes at the current sales pace rose to the highest in 16 years.Economists had forecast new home sales would rise to a 985,000 rate from a previously reported 937,000 for January, according to the median of 63 projections in a Bloomberg News survey.D'oh!

Posted by houseoflords @ 03:07 PM (549 views)
Please complete the required fields.

Add a comment

  • 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
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>