U.S. New Home Sales Hit Record Low

posted on February 25th, 2010 filed under: Real Estate News

Last month in The REF, a renewed tailspin in new home sales was noted.

The latest figures from the Census Bureau at the Commerce Department ain’t pretty.  Sales dropped to a record-low seasonally adjusted annual rate of 309,000 in January — way below December’s 342,000, and well under the previous low of 329,000 in January 2009.  Recordkeeping began in 1963.

U.S. New Home Sales Chart -- Jan. 1963 to Jan. 2010

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posted by // This entry was posted on Thursday, February 25th, 2010 at 12:28 am 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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