Home sales, new construction slumping.(BUSINESS Today)
Home Textiles Today, June, 2006 by Hogsett, Don
WASHINGTON -- The U.S. housing market continued its long-anticipated cooling off during April as sales of existing homes and housing starts both headed south for a second straight month. Bucking the trend, at least for now, sales of costly new homes continued to climb, rising by 4.9%, following an even bigger jump of 12.0% in April.
But even with the recent run-up, new home sales were still well beneath their torrid pace of a year ago, down 9.5% from March 2005. And while still gaining, new home sales represent the smallest component of housing activity, representing just 12% of activity in the housing sector. Sales of existing homes, by far the largest piece of the housing pie, slipped for a second straight month, dipping by 2.0%. Sales of existing...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
