Friday, August 24, 2007

Sales of New Homes Up in July

The sale of one-family new homes was up in July 2.8% from June, but still down 10.2% from June of last year, according to the US Census Bureau and Market Watch. The number of homes on the market remains at a steady 7.5 months of supply.

Although higher than expected the numbers show continued weakness in the housing market.

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