Industry News

New-home sales drop 17.4%

Median price slips 1.3% while average price rises
Published on Sep 27, 2006

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by CareyBot

The sales rate for new single-family homes dropped 17.4 percent in August and the median price dropped 1.3 percent compared to August 2005, the U.S. Census Bureau and the Department of Housing and Urban Development reported today. New homes sales ...