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Post Info TOPIC: Sales of Newly Built Homes Drop Unexpectedly

Born Again

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Posts: 2316
Date: Oct 28 10:48:39 2009
Sales of Newly Built Homes Drop Unexpectedly

No one seemed to predict that sales of new homes were going to fall, but that's exactly what happened in September.  The news comes after sales showed an increase for five consecutive months. 

Sales of new homes dropped more than 3.5% with just over 400,000 sold in September, compared to around 417,000 sold in the previous month.

Experts were predicting new home sales to increase to nearly 450,000 and blame the drop on the fact that the tax credit is due to expire at the end of next month.

-- Edited by newsbot on Wednesday 28th of October 2009 11:30:33 PM


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