New-Home Sales Fall; Biggest Drop Since 1995
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New-home sales fell more than expected in November, tumbling 9 percent from October to a seasonally adjusted annual rate of 647,000.
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The pace of existing home sales in   the United States fell for a fifth straight month in August and   prices dropped from year-ago levels for the first time in more   than 10 years, a realtors group said on Monday.
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WASHINGTON - New home sales plunged in November, but analysts say that a variety of economic reports released Thursday overall paint a positive picture.
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Home sales slowed and a key measure of prices fell for the first time in 11 years last month, spurred on by the biggest glut of new homes on the market in more than a decade, an industry group said today. The National Association of Realtors report on existing home sales showed that the median home price in August was $225,000, down 1.7 percent from a year earlier.
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The leading realty trade group on Wednesday cut its 2007 forecast for U.S. home sales and prices, saying both would slide this year with sales hitting a five-year low.
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.
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Sales of new US homes tumbled at the sharpest rate in more than a decade in November, the government said yesterday, but a separate report showed the consumer's mood was still buoyant near the end of 2004.
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The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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WASHINGTON -- Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.
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Ground-breaking on new U.S. homes last  month fell to the slowest pace since 1991 and fewer building  permits were issued than any time since 1993, according to  government data released Thursday that points to a deepening  housing crisis and heightened risk of recession.
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The slump in home prices was both deeper and more widespread than ever in the fourth quarter, according to a trade group report Thursday. Year-over-year, it was the biggest drop on record, said the National Association of Realtors. But David Lereah, the group's chief economist indicated the worst may be over. "When we get the figures for this spring, I expect to see a discernable improvement in both sales and prices."
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U.S. new home sales fell more than  expected in July to the their lowest pace since December, as  higher mortgage rates cooled the housing market, a government  report showed on Wednesday.
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Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.
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The number of existing homes sold also fell, suggesting that the sharp decline in home sales seen earlier this year has for now leveled off.
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WASHINGTON - Sales of existing homes plunged a record amount in September while median home prices dropped by the largest amount in nearly a year, reflecting deepening problems in the troubled housing market.
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Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.
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Business & money: Numbers of buyers unable to purchase first home slump to the lowest level since 1980