Home Sales
This from the New York Times:
"Builders sold new homes at a faster rate last month than they did in October, shrinking the backlog of unsold homes on the market, the Commerce Department reported yesterday.
The report showed that sales of new single-family homes rose 3.4 percent in November, seasonally adjusted, to an annual rate of 1.05 million. That followed a 3.8 percent decline in October.
The news helped propel stocks on Wall Street to another record high — its 22nd so far this year — with the Dow Jones industrial average rising more than 100 points to finish the day above 12,500 for the first time."
Interesting, huh?
"Builders sold new homes at a faster rate last month than they did in October, shrinking the backlog of unsold homes on the market, the Commerce Department reported yesterday.
The report showed that sales of new single-family homes rose 3.4 percent in November, seasonally adjusted, to an annual rate of 1.05 million. That followed a 3.8 percent decline in October.
The news helped propel stocks on Wall Street to another record high — its 22nd so far this year — with the Dow Jones industrial average rising more than 100 points to finish the day above 12,500 for the first time."
Interesting, huh?
posted by John and Flo Martin at 1:55 AM
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