profette_IHB
New member
"In its report on new-home sales in March, the Census Bureau said that 189,000 completed new homes were on the market and unsold. That number was down a bit from the peak of 198,000 reached this winter, but it remains far higher than in previous cycles.
It appears that many of the homes now being sold ? and there were 51,000 sold in the month, the lowest for any March since 1991 ? are coming from the supply of homes that are still being built or are newly completed. The median age of completed new homes on the market has risen to 7.4 months. Only four months ago, that figure was six months..." <a href="http://www.nytimes.com/2008/04/26/business/26charts.html?ref=business">linky</a>
<img src="http://graphics8.nytimes.com/images/2008/04/26/books/0426-biz-webCHARTS.gif" alt="" />
It appears that many of the homes now being sold ? and there were 51,000 sold in the month, the lowest for any March since 1991 ? are coming from the supply of homes that are still being built or are newly completed. The median age of completed new homes on the market has risen to 7.4 months. Only four months ago, that figure was six months..." <a href="http://www.nytimes.com/2008/04/26/business/26charts.html?ref=business">linky</a>
<img src="http://graphics8.nytimes.com/images/2008/04/26/books/0426-biz-webCHARTS.gif" alt="" />