Thursday, September 15, 2011

Lowest Levels Recorded for New Home Sales

New home sales are on pace to reach the lowest levels on record this year. This years sales rate of new homes as of July is about 298,000 with sales of new homes peaking in 2005 at 1.3 million units.

For additional information about this subject please look at the link provided.

Source: Some Home Builders Run Out of Lifelines The Wall Street Journal (Aug. 31, 2011)

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