US new home sales drop/factory orders tumble

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US new home sales drop/factory orders tumble

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01-30-2009, 07:29 AM

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US new home sales drop/factory orders tumble

There is more bad news for the US economy today as the Commerce Department revealed that new home sales fell by 14.7% last month.Meanwhile, for the full 2008 year, sales fell by 37.8% to 482,000 homes - the fewest since 1982, when 412,000 homes were sold. However, on a positive note, while sales of new [...]

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