Wednesday, February 24, 2010

U.S. New Home Sales Drop 11.2%

The Wall Street Journal
February 24, 2010

U.S. new-home sales unexpectedly fell in January, setting a record low and erasing all gains made in the market during the past year as the economy recovers from recession.

Demand for single-family homes fell 11.2% from the previous month to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday.

Economists surveyed by Dow Jones Newswires had estimated sales would rise 3.8%, to 355,000.

Read entire article

No comments:

Post a Comment

DAILY NEWS ON BOOZE