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 		New Home Sales Plunge 11.3 Percent!
Sales of new homes in the US dropped 11.3% to an annualized rate of 355k units in November.
Submitted by
tschuma417
12/23/2009
HyperLink play it email it
tschuma417
12/23/2009
tschuma417 is playing it
ITBShort3.97%
IYRShort10.95%
SRSLong221.98%
XHBShort2.92%
I am playing this headline with (SRS IYR XHB ITB) because New home sales are down 9.0% compared to November of last year when the annualized sales pace stood at 390k. That right: new home sales are worse than they were at the height of the financial crisis.
 
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