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Sales of new single family houses dropped again in November according to a joint report issued Friday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single family homes sold at a seasonally adjusted annualized rate of 647,000 units. This is 9 percent below the revised...
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As usual the two monthly reports on home sales - existing homes and newly constructed houses - were issued in lockstep on Wednesday and Thursday and while one was loudly proclaimed as an indicator that things were still getting worse, the second contained a germ of hope. The National Association of Realtors...
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The National Association of Realtors can always be depended upon to put the best face on housing news. The monthly report on the sales of existing homes for May released on Monday was headlined "Homes Sales Show Market is Under Performing" and the opening paragraph read "Existing-home sales were essentially...