New home sales drop in US is unexpected

29 Oct 2009

The U.S. Commerce Department just reported that new home sales fell 3.6 percent for September, to 402,000, against a Thomson Reuters prediction of 440,000.  The year over year drop was 7.8 percent; September was the first decline since March, with a 9.1 percent drop in median sales p

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.