TITLE

Higher Rates Slow New Housing Sales

AUTHOR(S)
Bloomberg News
PUB. DATE
June 2000
SOURCE
American Banker;06/30/2000, Vol. 165 Issue 126, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on a drop in the sales of new single-family homes in the United States in May, and the indication that housing demand is decreasing. Impact of the six increases in interest rates by the Federal Reserve on housing; Number of units sold; How the decrease is less than what the Federal Reserve had anticipated.
ACCESSION #
3425430

Tags: HOUSING;  UNITED States -- Economic conditions -- 1981-2001;  INTEREST rates;  UNITED States. Federal Reserve Board

 

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