 |  |
| |
| |||||||
| General U.S. Discuss, New Home Sales Down at States forum; New Home Sales Plunge in January New York Times , March 1 '07 New home sales off 20% in the ... |
 |
| | LinkBack | Thread Tools |
02-28-2007, 06:13 PM
| #1 (permalink) |
| American  Join Date: Jan 15th, 2007
Posts: 345
| New Home Sales Down 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. |
|  |
| Sponsored Links |
|
02-28-2007, 09:13 PM
| #2 (permalink) |
| arrgh, me buckoes  Join Date: Jan 14th, 2007
Posts: 2,142
| Re: New Home Sales Down
The RE slump has been expected for some time. I think they tried to plan for it - realized that it's going to be too long a slump for them (RE) to recover any losses in the near future - and so limped through a continuous band-aiding ofthe industry. Now it's here - and so far as I know, we're powerless against it. (Good time to have a few extra bucks - pick up that 20 room mansion on the hill for peanuts!)
__________________ Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it. <Mark Twain> |
|
| |
|
| Thread Tools | |
| |
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Internet Sales Tax | scirocco22 | Idaho | 3 | 02-25-2007 10:05 PM |
| New home sales | the dufferz | Rhode Island | 1 | 01-20-2007 01:23 PM |
| Black Friday Sales Secrets | RAINBOWWAVES | Community Lounge | 9 | 11-18-2006 12:19 PM |
