New Home Sales Nose Dive 33% | Worst New Home Sales Since 1981
Submitted by Tim Harris on June 23, 2010 – 1:07 pmOne Comment | Popularity: 1% [?]
Worst new home sales….in decades.
How bad? Get this, May new home sales dropped by nearly 33%. Lowest housing numbers EVER were in 1981…and its predicted that this past May’s numbers will be the worst…ever.
Not a great time to be a new home builder.
Agents, this does not bode well for the upcoming existing home sales numbers. Expect to see equally bad reports coming out about re-sell homes for June and July.
Watch this CNBC Video now.
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Popularity: 1% [?]
Not good news! Just another reason it is so important to get a house priced right and looking fabulous (through staging) from Day 1.