Wednesday, January 27, 2010

New Home Sales Plunge Also

from Marketwatch:

WASHINGTON (MarketWatch) -- Capping the worst year for housing since World War II, sales of new U.S. homes fell sharply in December for the second month in a row after a popular tax credit for buyers was set to expire, the Commerce Department estimated Wednesday.
New home sales fell to a seasonally adjusted annual rate of 342,000 in December after falling 9.3% in November to 370,000.
It was the lowest seasonally adjusted sales pace since March and just 4% above the all-time low of 329,000 reached last January.