Monday, March 29, 2010

New-home sales dip 2.2% to record low

"Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and a weak economy dampened the housing market.

New-home sales fell 2.2% to a seasonally adjusted rate of 308,000 last month, compared to a upwardly revised annual rate of 315,000 in January, the Census Bureau said. "

Click below to read more...

New-home sales dip 2.2% to record low

No comments: