Saturday, December 30, 2006

Good news for a potential rise in the housing market!!

The U.S. Commerce Department this week reported that sales of new homes increased in November, the third month of increases in the last four months "which is a sign that this year's drop in housing might be ending." The Commerce Department reported that sales of new single-family homes rose 3.4 percent in November to a seasonally adjusted annual rate of 1.047 million units. This was a positive sign, as economists had been expecting only a 1.1 percent gain.

--Information from the Associated Press.


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