Sales of new, privately built israeli 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.
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.
