Archive for February 26th, 2009

New Home Sales Down Again

New home sales took it on the chin again. Sales fell 10.2% in January to a seasonally adjusted rate of 309,000 units. This represented a drop of 48.2% from January 2008. Inventories of new homes fell 3.1% to 342,000 which represents a 13.3 month supply of homes. At least the builders aren’t adding to supply. […]