Home Sales suffer “Unexpected” December Decline Capping the Worst Year on Record

Jan. 26 (Bloomberg) — Sales of new U.S. homes unexpectedly declined in December for the first time in four months, capping the slowest year on record for builders.

Purchases of single-family properties decreased 2.2 percent to a 307,000 annual pace, figures from the Commerce Department showed today in Washington. The median forecast in a Bloomberg News survey of economists called for a rate of 321,000 home sales. Last year marked the worst year for the industry in records going back to 1963.

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They keep telling us that things are getting better, but my reality reflects otherwise.

By | 2012-01-27T00:22:57+00:00 January 27th, 2012|Uncategorized|Comments Off on Home Sales suffer “Unexpected” December Decline Capping the Worst Year on Record

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