Thursday, February 25, 2010

Sales of new homes in the U.S. fell to a record low

Sales in the primary housing market in the U.S. fell in January to 11,2% to 309 thousand units. As a result, the rate was at a record low level since the beginning of his calculation in 1963.

The third consecutive monthly fall in housing sales was a surprise to experts. They predicted sales of new homes should have been a few grades increase to 355 thousand due to the government program to provide tax relief for home buyers.

Sales of new homes in the U.S. fell by 6,1% compared to the same period in 2009, when the index was at 329 thousand

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