"New home sales were down 27% in May, according to a John Burns Real Estate Consulting (JBREC) survey of builders.
According to the monthly report, net sales per community were 1.35 units per community, down from last month's 1.84 units per community. Builders also reported a decline in new housing starts in eight of 10 regions, as builders felt little hurry to start more homes. This echoes the results of a government report that showed the seasonally adjusted annual rate of housing starts declined 10% in May."
at http://www.housingwire.com/2010/06/16/builder-survey-reports-new-home-sales-down-27-in-may?utm_source=rss&utm_medium=rss&utm_campaign=builder-survey-reports-new-home-sales-down-27-in-may
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