2009 December 24 | The Mortgage Buzz

From the daily archives: Thursday, December 24, 2009

There’s A Very Good Reason Why The New Home Sales Data Plunged In November

By Steve Levitt On December 24, 2009 · In Uncategorized

One day after November’s Existing Home Sales report blew away estimates, the Census Bureau’s related New Homes Sales report failed to impress.

A “new home” is a home that is newly-constructed; not bought as a resale.

In a lackluster showing, New Home Sales dropped 11 percent in [...]

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