Existing Home Sales Rise While New Home Construction Drops
September 23, 2011
in This Week in Real Estate Tagged existing home sales, housing market, luxury market, new home construction, real estate marketSome 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 […]