2011, New Home Sales | featured news

New single-family home sales in the United States fell in August to a 6-month low but the supply of homes available on the market dropped to a record low.

Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales in nearly half a century....

Sales of new homes plunged in February to the slowest pace on records dating back nearly half a century, a dismal sign for an already-weak housing market.