- Huntington Art Walk Resumes Thursday in Downtown; Author at Adell's Antiques
- BOOK REVIEW: 'The Opposite of Loneliness': Marina Keegan's Posthumous Collection of Essays, Stories
- OP-ED: Life Near the Mexican Border
- Jacobs-Jones named senior vice president for operations
- Advertising majors win district competition
- Sen. Manchin Introduces Bill to Keep 150 WV Post Offices Open for Two Years
- CONSUMER ALERT: Jury Duty Phishing Scam; Verified by Snopes
- Mayor Tells Comcast, "Folks Aren't Happy...."
- Ginseng Harvest Returns as "Appalachian Outlaws"
- Huntington Man Pleads Guilty to Robbing Drug Dealer''s Apartment
U.S: New Home Sales Dip 2.1 Percent in November from Strong October
“This figure is consistent with NAHB’s member surveys, which show increasing confidence in the market,” said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C. “Meanwhile, the very low supply of new homes on the market and tight credit conditions for home buyers show that builders are still cautious about getting ahead of themselves.”
“The previous three months for new-home sales have all been revised up, and the final quarter of 2013 is shaping up to be the best quarter since the second quarter of 2008,” said NAHB Chief Economist David Crowe. “Historically low interest rates, affordable home prices and a healing economy are bringing buyers back into the marketplace.”
Regionally, new-home sales were mixed in November. Both the West and the Northeast showed improvement, with respective increases of 31.1 percent and 15.2 percent. New-home sales in the Midwest dropped by 26.6 percent and the South posted a 9.1 percent decline.
The inventory of new homes for sale declined to 167,000 units in November, which is a 4.3-month supply at the current sales pace.