New Home Sales Implode–MarketWatch
According to MarketWatch U.S. sales of new homes retreated in December, perhaps a fitting end to a year which saw a new record low level of sales. Sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000,…
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According to MarketWatch
U.S. sales of new homes retreated in December, perhaps a fitting end to a year which saw a new record low level of sales.
Sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000, the Commerce Department reported Thursday.
The decline brings sales back to its level in October, wiping out a gain in November where sales had risen to their highest level since April.
Economists has expected a further gain in sales in December after the strong rise in November, according to a MarketWatch survey.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
