Posts with tag new housing

If you thought the existing-home sales figures for July were depressing, better pop a Zoloft or two before glancing at the new-homes sales numbers for the same month. Sales of new homes fell to a 37-year low in July, a 12.4 percent drop from June. The Commerce Department reported that a seasonally adjusted 276,000 new... Continue Reading »

Builders are building more new homes, but apparently not enough to constitute a recovery. While housing starts increased 1.7 percent in July, to 546,000, those numbers were substantially lower than the 560,000 anticipated, according to the Commerce Department. New building permits fell 3.1 percent to a 14-month low,... Continue Reading »