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February 27, 2008 - Forex Economic News
US New Homes Sales decline in January.
New Home Sales in the United States declined in the month of January according to data released by the Department of Commerce today. Purchases of new single family homes fell to an annual rate of 588,000 in January, a 2.8 percent drop from December's rate of 605,000. January's annual rate of new homes sold was 33.9 percent lower than the that of January 2007 and was below market forecasts of an annual rate of 645,000 new sales. The median sales price of new homes in January was $216,000 down from $254,400 in January 2007 while the average sales price was $276,600 down from $314,600 in January 2007.
Tags: us new home sales, department of commerce, single family homes
