Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
11/28/2012 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

New Home Sales Fall 0.3%

New home sales fell 0.3% in October, the Commerce Department said Wednesday.

Sales fell to a 368,000 annual rate, from a revised 369,000, which was higher than originally reported, Commerce said.

The October rate was above economists’ median forecast of 390,000, Bloomberg reported.

Purchases rose 62.2% in the Midwest to the highest level in three years, and increased 8.8% in the West. Sales dropped 32.3% in the Northeast.

Rising home sales can mean more business for flatbed trucking companies, which haul building materials, and dry van freight carriers, which haul household appliances and furniture.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement