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Home Sales Disappoint Twice

By: Decomposed in ROUND | Recommend this post (0)
Wed, 25 Jul 12 7:37 PM | 26 view(s)
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Home Sales Disappoint Twice

Published: Wednesday, 25 Jul 2012

By: Diana Olick
CNBC Real Estate Reporter

Sales of newly built homes fell hard in June, despite newfound optimism in the housing recovery, especially among the home builders themselves.

Signed contracts to buy new homes fell 8.4 percent from the previous month, according to the U.S. Commerce Department, although they are still up 15 percent from a year ago.

Sales levels are now at their lowest since January.

This is the second miss for housing in the same month. Sales of existing homes fell as well, despite expectations for a gain.

More: http://www.cnbc.com/id/48318563

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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