In the Lancaster, PA market in August, sales of new homes declined year-over-year, but the drop in percentage terms was an improvement from July 2011, suggesting that the market may be stabilizing. New home sales saw a drop of 27.3% from the year earlier to 32. This came on the heels of a 51.1% decline year-over-year in July.In the 12 months ending August 2011, there were 441 new home sales, down from an annualized 453 in July.
New home sales made up 6.5% of overall housing sales. This is down from from a year earlier when new home sales represented 10.4% of total sales. For new and existing homes, sales grew year-over-year in August after also increasing in July year-over-year. Learn more....
Resource: www.BuilderOnline.com
Posted on: Nov 08, 2011 09:22:20 AM
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