New Home Sales Fall to 17-year Low

213352 Resource 178435 178982 1 1222359713499 1251402970905 Controlled 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 <a title="CNN news" href="http://money.cnn.com/2008/09/25/news/economy/new_homes/index.htm?postversion=2008092510" target="_blank">CNN</a> 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 <a title="Flagstaff new home construction" href="blog/201886" target="_blank">post</a> 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. 9 application/xml false Flagstaff real estate new home construction new home sales new homes market 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 Mozilla/4.0 (compatible; MSIE 8.0; Windows NT 5.1; Trident/4.0; .NET CLR 1.0.3705; .NET CLR 1.1.4322; Media Center PC 4.0; .NET CLR 2.0.50727; Zune 3.0; .NET CLR 3.0.4506.2152; .NET CLR 3.5.30729) 127.0.0.1 127.0.0.1 $Admin 67.172.146.66 false true false false true 178975 false false true false false false true 178435 blog blogsite/BestFlagstaffHomes/web