New Home Sales Plunge in January New York Times, March 1 '07
New home sales off 20% in the last year, 30% since the peak in summer '05.
Inventory of unsold new homes is now 6.8 months' sales.
New home prices have declined only 2% nationwide.
Forecast: continuing fall in sales of both new and existing homes though 2007.
See
economicindicators.gov for the latest economic stats.