Related News
Home » Business » Real Estate
Sales Of New Homes Rise 6% in US
Source: Agencies |
December 24, 2010, Friday
|
Print Edition
Print Edition
MORE people purchased new homes in the United States in November, but not enough to signal better times are ahead for the battered housing industry.
The US Commerce Department yesterday said sales of new homes rose 5.5 percent last month to a seasonally adjusted annual rate of 290,000 units. That gain came after sales had fallen to the second-lowest level in 47 years in October.
Economists believe it could take three years to go back to a more normal rate of 600,000 sales per year given a glut of unsold homes and falling prices.
The US Commerce Department yesterday said sales of new homes rose 5.5 percent last month to a seasonally adjusted annual rate of 290,000 units. That gain came after sales had fallen to the second-lowest level in 47 years in October.
Economists believe it could take three years to go back to a more normal rate of 600,000 sales per year given a glut of unsold homes and falling prices.
- 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.
