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PulteGroup, Inc. Message Board

  • metal416 metal416 Feb 28, 2005 8:57 PM Flag

    the weather had nothing to do with it

    Sales of new homes fell 9.2 percent in January while the median price of a new home skidded to the lowest level in more than a year. Analysts blamed the worse-than-expected showing on inclement weather in many parts of the country rather than serious problems in the housing market.

    New home sales dipped to a seasonally adjusted annual rate of 1.11 million units in January, and every region of the country except the West exhibited weakness, the Commerce Department said. The median price of a home, the point at which half sold for more and half for less, fell 13.2 percent to $199,400, the lowest level since December 2003.

 
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