#1 US new-home sales fell in Dec., finish dismal 201101-26-2012, 03:18 PM
WASHINGTON (AP) ó Fewer Americans bought new homes in December, making 2011 the worst sales year on record.
The Commerce Department says new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.
Total sales last year were less than the 323,000 sold in 2010, making it the worst year on records dating back to 1963.
The median sales prices for new homes dropped in December, as builders continued to slash prices. It fell 2.5 percent to $210,300.
The decline in sales comes as other signs suggest the depressed housing market is starting to recover. Construction picked up, sales of previously occupied homes are rising, and builders are slightly more confident.
http://news.yahoo.com/us-home-sales-...151418003.htmlIn Memory Of My Friend 1st Sgt. Tim Millsap A Co, 70th Eng. Bn. 3rd Bde 1st AD...K.I.A. 25 April 2005
Liberalism Is The Philosophy Of The Stupid
To Achieve Ordered Liberty You Must Have Moral Order As Well
The libs/dems of today are the Quislings of former years. The cowards who would vote a fraud into office in exchange for handouts from the devil.
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