Sunday, August 25, 2013

Dour July Sales Might Cool New-Home Prices

Posted by Me on Facebook on August 25, 2013 at 08:44PM:



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Source:

http://on.wsj.com/16AHmOC

Description:

There is at least one small potential benefit from the rather dour figures released Friday on sales of new U.S. homes in July: Builders are likely to be compelled to rein in new-home prices, which this year are on par with lofty 2007 levels.The Census Bureau reported that July sales of new homes amo...

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