December 23, 2005
Sales Of New Homes Tumble
US new home sales fell 11% in November, the biggest drop since 1995, and at 1.25m homes sold, the lowest pace since January. It is important to note that new home sales are considered to be even more of a leading indicator of market health than existing home sales (which dropped 10.8% last month in the Bay Area).
∙ New home sales tumble 11 percent [CNN]
∙ New Home Sales Fall More Than Expected [SFGate]
∙ QuickLinks: Housing Sales Slowdown [SocketSite]
First Published: December 23, 2005 10:25 AM
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