Thursday, March 01, 2007

Forex News: 01.03.2007 U.S. new-home sales rose by 16.6% in January

Sales of new homes plunged 16.6% in January to a seasonally adjusted annual rate of 937,000.It was the lowest sales pace in four years, and was the biggest percentage decline in 13 years. The decline in sales was much sharper than expected. The median forecast of economists was a drop to 1.08 million units. The inventory of unsold homes fell to 536,000 from 537,000. The median price of a new home was down 2.1% year-over-year, at $239,800.


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