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impact of foreclosures on new home sales: Do The New Home Sales Numbers Indicate A Turnaround In Housing? - 04/24/10 09:59 AM
Okay, so March sales of new homes “rocketed” to the highest gain in nearly 50 years, but do the new home sales numbers indicate a turnaround in housing? Hardly. While I understand everyone wants to hear good news, we also need to be realistic and need to know what’s going on in order to make the best business decisions. Here’s the bottom line on the numbers.
 
According to the Census Bureau, new home sales increased by 7,000 over March 2009, but the increase can be totally attributed to the housing tax credit; and even though sales showed a dramatic improvement … (40 comments)

 

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