The Commerce Department says new home sales increased 5.7 percent to a seasonally adjusted 389,000-unit annual rate in September compared with a month earlier.
At September’s sales pace it would take 4.5 months to sell the houses on the market, the lowest since the peak of the housing bubble in October 2005. This low inventory seems to be a sign that there will be demand for new homes in the future.
Remember folks, Mitt Romney is telling you President Obama "made things worse."
Corporations making record profits, housing market healing, stock market almost doubled, our military is out of Iraq, DADT is gone, unemployment numbers falling,...
Sound worse to you?