New single-family home sales dropped to the lowest rate in February since 1995, and sales were down about 29.8 percent from the February 2007 rate, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today.
The seasonally adjusted annual rate of new single-family home sales was 590,000 in February — this rate is a projection of a monthly sales total over a 12-month period, adjusted to account for seasonal fluctuations in sales activity. more…
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Sales of previously owned homes hit an adjusted annual rate of 5.03 million in February, which was down 23.8 percent compared to the same month last year but was up slightly from January 2008, ending a six-month slide, the National Association of Realtors reported today. more…
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A National Association of Home Builders quarterly index that measures builder and developer confidence in the condo market dropped 11 points in the final quarter of 2007 compared to the same quarter in the previous year.
The Multifamily Condo Market Index, based on a survey of builders, stood at 18.8 in the fourth quarter on a scale of zero to 100. A score below 50 indicates more negative responses than positive responses. more…
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