New Home Sales Unexpectedly Plummet 11% In Jan

New Home Sales Unexpectedly Plummet 11% In Jan

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] [More]

New Home Sales Increase! Still Down 21%!

New Home Sales Increase! Still Down 21%!

The world is currently overjoyed at the news that new home sales have increased by 11% this month, which is apparently much more than expected, but are still 21% below the levels of a year ago.