New-Home Sales Fell to 12-Year Low in November
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New-home sales fell 34.4 percent from a year earlier, the biggest year-over-year drop since January 1991.
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U.S. new home sales fell a  steeper-than-expected 9 percent in November, but business  activity elsewhere perked up this month, according to reports  on Friday that showed pockets of strength in the economy  despite a housing sector meltdown.
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The number of homes listed for sale in 18 major U.S. metropolitan areas at the end of November was down 4 percent from a month earlier, the Wall Street Journal reported on its Web site on Tuesday.
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Pending sales of existing U.S. homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to data on Tuesday that suggested the economy was struggling.
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Sales of existing US homes fell by 12.8% last year, the biggest decline in 25 years, figures show.
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WASHINGTON - Sales of existing homes edged down a less-than-expected 0.1 percent in October as low mortgage rates continued to support a record year, a trade association report showed Tuesday.
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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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WASHINGTON -- Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years.
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Sales hit their lowest rate in over seven years, as tighter credit and rising inventories hurt the housing industry.
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Consumer inflation dipped unexpectedly last month thanks to falling gasoline prices while new home construction hit a 12-year low as the housing slump continued to dim the outlook for growth.
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Sales of new U.S. homes tumbled at the sharpest rate in more than a decade in November, the government said on Thursday, but a separate report showed  consumers' mood still buoyant as a close to 2004 neared.
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The number of newly-built US homes fell to the lowest level for nearly a decade in January, official figures show.
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A new read on foreclosure filings showed a double-digit drop for November, but don't expect the slowdown to last.
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WASHINGTON -- 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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Sales of new homes, plunging to their lowest level in more than 12 years, were weaker than forecast last month - leaving the market glutted with unsold homes and pointing to more trouble ahead for the battered housing market.
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Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
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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.