U.S. New Home Sales Continue Sliding Back Toward Oblivion

posted on January 27th, 2010 filed under: Real Estate News

Sales of new homes (not existing homes) fell to a seasonally adjusted annual rate of 342,000 in December 2009.

Sales hit a low of 329,000 in January 2009, then rebounded to 419,000 in July 2009, and were still at 408,000 as recently as October.  Now they’re reapproaching the old low.

Here’s the big picture, from 1963 to 2009:

U.S. New Home Sales -- 1963 to 2009

The U.S. Census Bureau, keeper of the data, defines a new home sale as a deposit taken or a sales agreement signed.

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posted by // This entry was posted on Wednesday, January 27th, 2010 at 10:32 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed.

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