Wednesday, December 23, 2009

Sales of new US homes down 11.3% in November says US Commerce Dept

According to US Commerce Department stats, sales of new homes in the US were -11.3% in November (seasonally-adjusted annual rate of 355,000 homes, 45,000 down from a revised stat of 400,000 for October).

Note: The +7.4% rise is home sales published yesterday refers to existing-home sales and most of the November sales reported by the Realtors are based on decisions buyers made in September or October (before the government incentives were extended to April 2010).

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