Related News
Home » Business » Real Estate
Home sales drop
November 25, 2010, Thursday
|
Print Edition
Print Edition
SALES of new homes in the United States fell in October to near a record low while the median home price dropped to the lowest point in seven years.
The US Commerce Department yesterday reported sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October. That was just 2.9 percent above the all-time low of 275,000 units hit in August for government records that go back to 1963.
The median price of a home sold in October dipped to US$194,900, the lowest level since October 2003.
The US Commerce Department yesterday reported sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October. That was just 2.9 percent above the all-time low of 275,000 units hit in August for government records that go back to 1963.
The median price of a home sold in October dipped to US$194,900, the lowest level since October 2003.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
