Quantcast

Tag Archives: new-home sales

Foreclosures squeeze U.S. home prices, sales

WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, ...

Read More »

New-home purchases fall, 2011 worst ever for sales

WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...

Read More »

Sluggish new-home sales drag on economy’s growth

WASHINGTON — Sales of new homes plummeted in January, and businesses ordered fewer long-lasting goods. But the number of people applying for unemployment benefits has fallen over the past four weeks to the lowest level in two-and-a-half years. Together, the ...

Read More »