Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and a weak economy dampened the housing market.
Categories: Economy, Interest Rates, Mortgage's, Refinance Tags: Economy, Foreclosed Homes, Glut, Government Report, housing market, New Home Sales, New Homes, Record Sales
Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday.
New home sales plunged to a 9-month low in December, according to a government report issued Wednesday.
New home sales unexpectedly plunged in November, according to a dismal government report.
New home sales spiked in October, one month after declining unexpectedly.
Sales of newly built homes fell unexpectedly in September after rising for five straight months, according to government figures released Wednesday.
Sales of newly constructed homes rose for the fifth straight month in August, a government report said Wednesday.
Sales of newly constructed homes leaped unexpectedly in July to hit their highest level since last September.
In recent weeks, mortgage brokers, bankers, and even Fed Chairman Ben Bernanke have been talking about a housing rebound later this year. And the figures seem to back up their optimism: New home sales rose 11% in June for the third consecutive month.
Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.
