New home sales down 8% nationwide, slump 33% in one region
by Steve Randall There was a drop in sales of new homes nationwide in January with a seasonally-adjusted rate of 593,000 units sold, down 7.8% year-over-year. Data from the HUD and Commerce Department shows that inventory of new homes was 301,000 in the month, a 6.1-month supply at the current sales pace. “The moderation in […]