Feb 24th 2012 11:15AM
WASHINGTON -- Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated. The Commerce Department said Friday that new-home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 321,000 homes. That followed four straight months of gains in which home sales rose... Continue Reading »
Jan 26th 2012 2:00PM
WASHINGTON -- Fewer people bought new homes in December. The decline made 2011 the worst year for new homes sales on records dating back nearly half a century. The Commerce Department said Thursday that new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than half... Continue Reading »
Nov 28th 2011 11:35AM
WASHINGTON -- Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's -- the worst in half a century. The report suggests that housing continues to drag on the... Continue Reading »
Sep 29th 2011 11:57AM
WASHINGTON -- The number of Americans who signed contracts to buy homes fell in August, after a weaker-than-expected peak buying season. The National Association of Realtors said Thursday that its index of sales agreements fell 1.2 percent last month to a reading of 88.6 A reading of 100 is considered healthy. The last... Continue Reading »
Sep 27th 2011 9:00AM
WASHINGTON -- The homebuying season was a bust. March through August are typically the peak buying months. But this year, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago. And sales of previously occupied homes didn't fare much better.... Continue Reading »
