Source : Business Times – 27 Jul 2009
New US home sales leapt 11 per cent in June, government data showed on Monday in a further sign of recovery for the sector at the epicentre of the global financial crisis.
The Commerce Department said sales of new one-family homes rose to a seasonally adjusted annual rate of 384,000, well above most private forecasts for a pace of 350,000.
That was 11 per cent above the revised May rate of 346,000, but 21.3 per cent below the June 2008 estimate.
Sales prices fell however, suggesting builders have been cutting prices to clear inventory. The median sales price fell to 206,200 from 219,000 a month earlier.
No comments:
Post a Comment