Thursday, August 23, 2012

Sales of New U.S. Homes Increase to Match Two-Year High - Bloomberg

Sales of New U.S. Homes Increase to Match Two-Year High - Bloomberg:
Purchases of new U.S. homes rose more than projected in July to match a two-year high, a sign the industry that helped trigger the recession is recovering. Sales climbed 3.6 percent to a 372,000 annual pace, following a 359,000 rate in June that was higher than previously estimated, figures from the Commerce Department showed today in Washington. Last month’s rate was the same as in May, which was the strongest since April 2010. The median forecast of 72 economists surveyed by Bloomberg called for a rise to 365,000.
This is still an anemic number of new home sales, but at least it's going in the right direction.

1 comment:

Anonymous said...

Quit burdening them with HOAs. I know that I won't be considering any "new" homes so long as they are burdened with involuntary membership in and perpetual liens that can never be paid off to an HOA corporation. Instead, I'll have to play musical chairs with resales of existing, older non-HOA homes - a class of real estate that (unlike HOA property) is likely to preserve familial and economic value for the owners.