New Home Sales Dip 12.6%
March 01, 2011 at 10:21 AM EST
The feeble condition of the homebuilding industry has once again reflected in the home sales statistics for January. New home sales dropped 12.6% to a seasonally adjusted 284,000 units from 325,000 units in December last year. Meanwhile, pending home sales index fell 2.8% to 88.9 from 91.5 in the previous month. The decline in new [...]
