Friday, January 27, 2006

Speaking of all time highs..... new home sales have climbed to an all time high in 2005. This is the fifth year in a row where sales have hit all time marks. Seams like theses days everyone is buying a new home.

"The Commerce Department reported Friday that sales of new single-family homes clocked in at 1.28 million units last year, representing a 6.6 percent increase over last year's 1.20 million units, the previous all-time high.

Sales of new homes as well as existing homes -- the biggest chunk of the housing market -- have logged records five years running.
In December, new-home sales rose 2.9 percent from November's pace -- defying analysts' expectations for sales to go down last month."

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