New Home Sales Up - Even Though The Total Was Down In 2006
March 9, 2007
New home sales fell last year by the largest annual amount in 16 years, according to Commerce Department figures. However, sales were up in December for the second straight month raising hopes that the worst of the sales slump for new housing is behind us.
Sales in December rose by 4.8 percent, following an even bigger 7.4 percent rise in November. Those increases, however, were not enough to salvage the year, with total sales of 1.06 million units, down 17.3 percent from 2005. That marks the biggest year-to-year decline since the 17.8 percent plunge in housing downturn in 1990.
Posted in All Things San Diego, Helpful Hints, Lending, Real Estate, Things of Interest
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