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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (89859)8/25/2010 3:02:05 PM
From: Hope Praytochange1 Recommendation  Read Replies (1) of 224706
 
The Commerce Department reported that new-homes sales in July fell 12.4 percent from June, to a seasonally adjusted annual rate of 276,000 units. That was the lowest level in July since the government began keeping track in 1963

The July result was 32.4 percent below the same month a year ago. Analysts surveyed by Thomson Reuters had expected that sales of new homes would be flat in July from June. June sales were revised down to a seasonally adjusted annual rate of 315,000, from 330,000.

In addition, the report said, the median sales price was $204,000 in July, down 6 percent from June and 4.8 percent lower than July a year ago. The average sales price was $235,300 in July, down 3.1 percent from June.

July was the first month that buyers could not qualify for a tax credit of up to $8,000, which analysts said may have contributed to the decline.

The report comes a day after the National Association of Realtors reported that sales of existing homes in July plunged to their lowest level in more than a decade, as buyers lost the spur of a government tax credit. The association said that the seasonally adjusted annual sales rate of 3.83 million was 25.5 percent below the level of July a year ago.

where is idiot odumba ??? sh@thead hiding in a beach house ???
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