Detailed text transcripts for TV channel - MSNBC - 20100726:15:54:00
Contracts signed, not closing. so in may you saw this big drop-off. it was revised down further to nearly 37% from month to month. now you see it bump up again 23%, 24%. still you're not at the levels you were before and you're at historic lows in new home sales. what does it say about the market? it's positive to see it didn't fall further as some were afraid you wouldn't see anybody getting into the new home sales market. now at least you are seeing people come back into it. it doesn't mean new homes are completely over, but you have a lot of head winds in housing. new construction speeds di...
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