The land that is known as Arakan by the foreigners is called Rakhaing-pray by its own people, Rakhaing-thar (Arakanese) who were titled this name in honour of preservation on their national heritage and ethics or morality.

US new home sales fall again in July

Posted by Arakan Indobhasa Tuesday, August 23, 2011

New homes for sale in Davie, Florida New-home sales make up one-fifth of US housing transactions
US new home sales fell for the third month a row in July, figures have shown, indicating continuing weakness in the housing market.
Sales fell 0.7% in July to a seasonally adjusted annual rate of 298,000, from a downwardly revised 300,000 in June, the Commerce Department said.
The new figures, which were worse than analysts had expected, represent a five-month low.
High unemployment and a weak house market are undermining the US recovery.
An oversupply of used homes and a large stock of foreclosed housing is also putting a strain on the market.
"Not only is the decline of 0.7% larger than expected, but June revisions, down to 300k, make forecast consensus of a dip to 310k from 312k look misplaced," said Vmombi Nshom of IFR Economics.
New homes represent less than one-fifth of the housing market, but have a large impact on the economy.
According to the National Association of Home Builders each new-build creates an average of three jobs and $90,000 in taxes.


Ancient Arakan Gold and Sliver Coins

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