Relevant:
- Sales of New U.S. Homes Decreased in May for First Time in Three Months
- Sales of New U.S. Homes Decline to End First Year of Rebound
- Sales of New Homes in U.S. Climb 1.5% to 417,000 Rate
- New Home Sales Unexpectedly Plunge to Record Low; Fannie Mae, Freddie Mac Post Losses
- Purchases of New Houses in U.S. Decrease for Second Month
2011-09-26 — bloomberg.com
``Sales, tabulated when contracts are signed, dropped 2.3 percent to a 295,000 annual pace, figures from the Commerce Department showed today in Washington. The median estimate of 73 economists in a Bloomberg News survey called for a decline to 293,000. The median price slumped 7.7 percent from August 2010, the steepest 12-month drop since July 2009... Foreclosure-driven price decreases for previously owned homes may keep attracting investors away from new properties... ''
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