New Home Sales Unexpectedly Plummet 11% In Jan

(k.steudel)

Sales of new single-family homes in Jan ’10 fell 11% to 309,000 from 348,000, according to a new Census Bureau report. In Jan ’09 they were 329,000. The prognosticators expected 325,000, so this new data should put a damper on a few markets. [Bloomberg]