Thursday, October 29, 2009

Sales of new homes in the U.S. fell by 3,6%

Sales in the primary housing market in the U.S. fell in September for the first time since March this year. According to U.S. Commerce Department, sales of new homes fell 3.6% to 402 thousand
Experts expect sales growth to about 438 thousand mark in connection with tax incentives for primary home buyers and new policies to curb the Fed's mortgage interest rates.
Compared with the same period last year, sales in the primary market fell by 7,8%.

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