New Home Sales Continue Deep Slide

Market Watch has the details on the new home sales report and it doesn’t look pretty (lots more at Calculated Risk).  While sales are off 30% year-over-year we still have 10 months worth of new inventory, the highest since 1981.  On the bright side we’re slowly cutting in to excess inventory which is an important step in pulling out of this ridiculous tail spin.
I…
Original Source: feeds.feedburner.com/typepad

  26 March, 2008| housingblogs | @ 20:53

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