New Home Sales For 2006 Look Good

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Sales of new one-family houses in November 2005 went down 11.3 percent from October's rate, according to the U.S. Census Bureau and Department of Housing and Urban Development. However, November 2005 outperformed November 2004 by 6.0 percent."October's impressive new home sales spike was offset by an equivalent drop in November," said Bob Walters, chief economist for Quicken Loans. "However, new home sales continue to trend higher, buoyed by solid fundamentals. The long-term interest rates that drive housing have been falling in recent weeks and those, coupled with strong employment gains, will support housing well into 2006."  Mortgage News Home Current Headlines Next Article  Refinancing | Home Loans | Home Equity Loans | My Quicken Loans Login Mortgage News | Mortgage Rates | Mortgage Calculators | Apply Online About Us | Careers | Contact Us | Feedback | Site Map | Help | Search Security and Privacy | Disclosures and Licenses | Terms of Use © 2000 - 2005 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Build 3069 2005-12-21 08:41:36

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