Friday, October 29, 2010

Sales of new homes are increased

The sales of new homes are increased to 6.6% in September to a periodical yearly change rate of 307,000 announced in a report by the U.S. Commerce Department. The sales have been increased for two months even though yearly new home sales in September were decreased by 21.5%.

The new home sales have become constant following sharp drop in the termination of first time home buyer tax credit said by an industry expert. A steady recovery was expected over the coming months.

In the meantime the National Association of Home Builders slash its 2010 predict for one family home construction but it expects that home building will start to get better in 2011 and 2012.

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1 comment:

Anonymous said...

That's why I am planning to customized my old home than to buy a new homes because they are increasing on their rates. Now I'm finding the best custom home builder that can turn my old home into new.

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