Wednesday, August 25, 2010

 

"First" of the Day: Fall in new home sales

The annualised rate of new homes sales fell 12.4% in July to a seasonally adjusted rate of 276,600 a year, the US Commerce Department said.

That makes it the slowest rate since records began in 1963.

—BBC reporting in "US new home sales in sharp fall"


Why would anyone in her right mind buy a new home when there are so many perfectly good homes selling for a fraction of their original cost?

Related posts
High of the Day (6/15/07)
"First" of the Day: Home foreclosures (12/06/08)
"First" of the Day: New housing starts (12/17/08)

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