New Home Sales and Prices Continue Seemingly Endless Decline
February 27, 2008 – 8:55 amThe Census Bureau and the U.S. Department of Housing and Urban
Development jointly released their monthly report on new home sales early
Wednesday morning.
The report showed new home sales declined once again,
this time to a seasonally adjusted annual rate of 588,000 units. At the
end of January there were an estimated 482,000 houses
available for sale nationally. At the current rate of sales this
represents…