Existing Home Sales Rise While New Home Construction Drops

September 23, 2011

in This Week in Real Estate | Tagged , , , ,

Some more grim news. Housing starts dived 5 percent in August, worse than what was expected by economists. On a seasonally adjusted rate, new home construction fell 571,000, according to the U.S. Census Bureau. That’s 5.8 percent down from the same period last year. The numbers suggest the industry is still comatose and has yet [...]