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New Home Sales Dive 48% Since 2008

Feb 26, 2009By

New single-family home sales in January came in at an adjusted annual rate of 309,00, down 10.2 percent from a month earlier and 48.2 percent from the rate seen in the same month a year earlier, according to data released Thursday by the U.S. Department of Commerce. The South experienced the highest number of new home sales in the month, with 172,000 units sold, while the Northeast reported the smallest number of new home sales, with 27,000 units sold.

3d rendering of a row of luxury townhouses along a street

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