Rise in June New Home Sales is Good News for Builders

An article in today’s New York Times reports New U.S. Home Sales Rise Sharply as Prices Fall. New home sales have now risen for three consecutive months and the 11 percent increase in June is much higher then had been predicted. The article points out the the recent uptick is a reversal of a three year trend in prices and sales.

Read the complete joint press release from HUD and the US Census Bureau NEW RESIDENTIAL SALES IN JUNE 2009

Do you think the new homes market has hit bottom and will continue to recover? Tell us what you think.

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This entry was posted on Monday, July 27th, 2009 at 10:50 am and is filed under Real estate news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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