September 25, 2008

New Home Sales and Construction August Statistics

More statistics on the real estate industry in the news today

Reports this morning indicate that new homes construction continues to fall, which, long-term, is a prerequisite for recovery in the housing market. The headline this morning by CNN was given to the drop in new home sales. Sroll down in the article and you’ll see that new home inventory also continues to drop.

Read why this is good in an earlier post here, with some perspective on the Flagstaff real estate market.

Of course, in the long-term, we're all dead, as one of my ironic professors used to say. Meanwhile, construction workers continue to hurt.


	New Home Sales Fall to 17-year Low
	CNN News
	http://money.cnn.com/2008/09/25/news/economy/new_homes/index.htm?postversion=2008092510

	Perspective on the New Homes Market
	Why inventory needs to fall before housing recovery can begin
	http://blog.bestflagstaffhomes.com/public/blog/201886

Topic Tags: Flagstaff real estate, new home construction, new home sales, new homes market

by Ann Heitland
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by Ann Heitland

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