Charting the Local Market: Bright Spots for Sales of New Homes

The Washington Times › December 16, 2011

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Summary

Nine months into 2011, area home builders had little reason to be glad. Just over 6,000 new homes were sold from January through September, compared to 13,555 over the same period in 2007.

Sales were down 21 percent compared to the first nine months of 2010, despite extremely attractive mortgage interest rates and a local economy that is better than the situation in most of the country.

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Extract

Charting the Local Market: Bright Spots for Sales of New Homes

But despite the gloom and doom, thousands of homes still were built and sold thi...

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