New-home sales fell in August for 4th month

By Qiong (June) Zhang43 Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016322936_apusnewhomesales.html

Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.

The Commerce Department said Monday that new-home sales fell 2.3 percent to a seasonally adjusted annual rate of 295,000. That’s less than half the roughly 700,000 that economists say must be sold to sustain a healthy housing market.

New-homes sales are on pace for the worst year since the government began keeping records a half century ago.

The median sales price of a new home fell nearly 9 percent to $209,100 – the lowest price since last October. That suggests builders are slashing their prices in order to compete with comparably lower-priced previously occupied homes.

All home sales remain weak. The August sales pace for previously occupied homes was 5.03 million. That’s slightly above last year’s sales, which were the fewest since 1997. Economists say roughly 6 million older homes need to be sold each year to sustain a healthy housing market.

Home prices have dropped more since the recession started, on a percentage basis, than during the Great Depression of the 1930s. It took 19 years for prices to fully recover after the Depression

News

43 Comments to “New-home sales fell in August for 4th month”

  1. Patrice says:

    Hey there! This post couldn’t be written any better!
    Reading this post reminds me of my previous room mate! He
    always kept talking about this. I will forward this post to him.
    Pretty sure he will have a good read. Thanks
    for sharing!

  2. Gerald says:

    Great work! This is the kind of info that are supposed to
    be shared across the net. Shame on Google for now not positioning this put up higher!
    Come on over and visit my web site . Thank you =)

  3. Gia says:

    Hi my friend! I want to say that this article is awesome, great written and include almost all important infos.

    I’d like to see more posts like this .

  4. Vickey says:

    Heya! I’m at work browsing your blog from my new iphone!
    Just wanted to say I love reading through your blog and look
    forward to all your posts! Carry on the excellent
    work!

  5. Ali says:

    This piece of writing is actually a good one it helps new web visitors,
    who are wishing for blogging.

  6. Gduywy says:

    buy tadalafil 20mg – Cialis low price cheap generic viagra

  7. Hildegarde says:

    Hi, just wanted to mention, I loved this blog post.
    It was inspiring. Keep on posting!

  8. Ktgxoe says:

    doxycycline 100mg us – order doxycycline 200mg online cheap chloroquine tablet

  9. Burton says:

    Hi mates, its impressive article about cultureand fully defined, keep it up all the time.

  10. Ffhixy says:

    buy lasix 100mg sale – buy azithromycin 250mg generic order azithromycin generic

  11. Yytwce says:

    isotretinoin 40mg ca – brand accutane order amoxicillin pills

  12. hi says:

    Everyone loves it when folks come together and share opinions. Great site, keep it up!|

  13. Fqvurh says:

    over the counter ed pills that work – purchase prednisone generic prednisone 5mg tablet

  14. Carma says:

    Hello very cool blog!! Man .. Excellent .. Wonderful .. I will bookmark your web site and take the feeds additionally?
    I’m satisfied to find a lot of useful information right here in the publish, we need work out extra techniques in this
    regard, thank you for sharing. . . . . .

  15. Dollie says:

    I have been browsing on-line more than three hours these
    days, but I by no means discovered any interesting article like yours.
    It’s pretty worth sufficient for me. In my view, if all web owners and bloggers made good content
    material as you probably did, the net can be a lot more useful than ever before.

  16. Bqwnef says:

    purchase viagra generic – sildenafil 100mg usa tadalafil 10mg canada

  17. Harry says:

    Unquestionably imagine that that you said. Your favorite justification seemed to be on the net the easiest thing to
    consider of. I say to you, I certainly get annoyed at the same time as folks consider worries that they plainly do not recognize about.
    You managed to hit the nail upon the top and outlined out the entire
    thing without having side effect , people could take a signal.
    Will probably be again to get more. Thanks

  18. Lucille says:

    Hello all, here every person is sharing such knowledge,
    thus it’s good to read this webpage, and I used to go to see this blog everyday.

  19. Gvhphi says:

    dutasteride online buy – tadalafil 10mg cheap order cialis 10mg without prescription

  20. Wxucct says:

    order topiramate for sale – buy sumatriptan 25mg pills sumatriptan 50mg sale

  21. That’s a great point

  22. Oqpaii says:

    oral cialis – cozaar 50mg pill order warfarin generic

  23. Buhojs says:

    brand cialis 40mg – cialis 20mg over the counter sildenafil ca

  24. Sznado says:

    buy generic lasix 40mg – brand doxycycline purchase sildenafil

  25. Woauaj says:

    accutane price – azithromycin 500mg uk order azithromycin pill

  26. Tbabep says:

    order provigil 200mg generic – canadian pharmacy meds best drug for ed

  27. Rulfcz says:

    cialis tadalafil 20mg – generic cialis cost order cialis 40mg for sale

  28. Vuuuox says:

    buy esomeprazole – buy esomeprazole 40mg order promethazine online

  29. Ucoyjb says:

    buy sildenafil 100mg pill – buy sildenafil 50mg without prescription over the counter viagra

  30. Vcyooz says:

    real viagra pills – sildenafil next day delivery order clopidogrel 75mg sale

  31. Ivvjza says:

    buy gloperba pill – gloperba over the counter purchase strattera pills

  32. Gucych says:

    buy toradol for sale – baclofen order online baclofen online order

  33. Yazqpl says:

    buy sildenafil online cheap – overnight delivery for viagra cialis mail order

  34. Hzyhfe says:

    viagra 150mg canada – brand cyclobenzaprine 15mg order flexeril online cheap

  35. Ceqbos says:

    purchase zetia for sale – buy citalopram 20mg online buy celexa pill

  36. Farhfp says:

    cheap atarax – crestor order online rosuvastatin 20mg cheap

  37. Xunjwh says:

    order diltiazem sale – generic acyclovir 800mg buy zovirax 800mg online cheap

  38. Akgkvw says:

    cheap cialis without prescription – buy cenforce 100mg without prescription cenforce online

  39. Iaajaf says:

    sildenafil overnight – sildenafil 200 mg neurontin for sale online

  40. Jfbdnp says:

    cytotec sale – order generic misoprostol 200mcg synthroid 75mcg pill

  41. Ztfxik says:

    clarinex 5mg brand – desloratadine drug triamcinolone 10mg generic

  42. Unreeq says:

    buy clomid pill – order clomiphene 100mg pills order generic zyrtec 5mg

  43. Ybafke says:

    lyrica cost – lyrica for sale order lyrica without prescription

Leave your Comment

Blue Taste Theme created by Jabox