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Drop in new home sales is mainly due to
Drop in new home sales is mainly due to
admin
2014-08-13
53
问题
Drop in new home sales is mainly due to
The Commerce Department said sales fell by 11.3% to a seasonally-adjusted annual rate of 355,000 homes, down from a revised 400,000 in October. The fall reflects the extension of first-time buyer tax credits, which had been due to expire in November. The total was far lower than analysts had expected, and the data wiped out early gains in shares on Wall Street. The main Dow Jones index closed only slightly higher, up 1.51 points, or 0.01%, to 10,466.44. Home sales had been boosted by buyers looking to take advantage of the tax credit, but now that they have been extended to April, the incentive to buy has disappeared, analysts say. As a result, "buyer traffic is likely to be flat until spring," predicted Mark Vitner at Wells Fargo Securities. The median sales price for November was $217,000.
选项
A、declining home production.
B、the prolonged tax policy.
C、the decreasing GDP in the U.S.
D、the economic downturn of the country.
答案
B
解析
本题问及销售下降的主要原因是什么。新闻指出,预计11月份到期的首次购买抵税的延长促使销售下降。A选项的prolonged tax policy与原文中the extension of first-time buyer tax credit同义,故为正确答案。
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专业英语八级
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