Sales of new homes fell in December to the lowest number since the U.S. Census Bureau started keeping records in 1963.
From November, sales dropped 14.7 percent to a seasonally-adjusted annual rate of 331,000. That’s 44.8 percent below December 2007’s numbers.
In the South, sales fell 12.1 percent from last month, and were 46.0 percent below last year.
As new home sales fell, overall inventory increased. The number of new homes for sale gained 3.2 percent in December, with 31.6 percent more homes on the market from last year.
Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we’ll be happy to discuss how we can be of service to you!
going down, originally uploaded by …*melissa*….
Add your comment below, or trackback from your own site.
Subscribe to these comments.
Be nice. Keep it clean. Stay on topic. No spam.
You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>