Industry NewsMarkets & Economy

New-home sales sink 10%

Real estate brief
Published on Feb 27, 2009

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by CareyBot

Sales of new single-family houses fell to a seasonally adjusted annual rate of 309,000 in January, down 10.2 percent from December's 344,000 rate, according to U.S. Census Bureau estimates released Thursday.

According to data, last month's sales rate was 48.2 percent below the January 2008 estimate of 597,000.