New home sales drop

The CBS reported that in May 2006, 1,080 new privately built homes-- on an annualized rate of 13,000 new home sales - were sold, of which 970 were under construction and 110 were complete.

By SHARON WROBEL
August 1, 2006 07:33
for sale sign 88

for sale sign 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Sales of new, privately built homes were down 5.9 percent between February and May 2006 compared with October 2005 to January 2006, according to seasonally adjusted data from the Central Bureau of Statistics. The CBS reported that in May 2006, 1,080 new privately built homes-- on an annualized rate of 13,000 new home sales - were sold, of which 970 were under construction and 110 were complete. Trend figures show a 14% annualized drop in new home sales - a monthly average of 1.2% - in the February to May period, after an annualized 3.7% rise in the October to January period. Between January and May 2006 compared with same period last year, home sales were up by 44.8% in Tel Aviv; by 16.6% in the central district; and by 5.1% in Haifa. Home sales dropped 43% in Jerusalem, 36% in the North, 21% in the South and 29% in Judea and Samaria.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Hi-tech
July 29, 2018
Opening a business In Israel: What you need to know

By LEO GIOSUÈ