Despite the availability of a tax credit for first-time buyers, sales of new homes fell 3.6% in September and were 7.8% below the level of September 2008, the Commerce and Housing and Urban Affairs Departments reported today.
September's sales were at a seasonally adjusted annual rate of 402,000, compared with 417,000 last month and 436,000 in September 2008.
It was the second consecutive piece of mixed housing data. Last week, the National Association of Realtors reported that existing home sales increased in September.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.