Tim Plaehn’s Registered & Protected Blog Entry

newressales.pdf (application/pdf Object).
The link above is the April new residential sales report from the U.S. Department of Housing and Urban Development. Sales were basically level with March.
The numbers I find interesting are the year over year comparisons. April 2009 sales were 34% below the April 2008 rate. However, the April 2009 available inventory was 35.4%. Funny how that works.
Available inventory fell by 4.2% in April as homebuildes continue to not build much.