For the Record: New Home Sales Way Down

Nothing much to add to this.  It’s hard to be an optimistic right now.

Sales of newly built homes dropped to their lowest level since the government started tracking the numbers more than four decades ago, with demand for home purchases down in all four regions of the country.

The Commerce Department reported Wednesday that new homes sold in July at an annual rate of 276,000, down 12.4 percent from June and down 32.4 percent compared with the same time last year.

via New home sales hit lowest level.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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