There are always two sides to every story.
Commerce Department data showed new-home sales hit a record low in May, down from April to a seasonally adjusted annual rate of 300,000 homes, mainly because buyers faced a lackluster job market without a housing tax credit. Economists expected a drop to 400,000.
However, the Walt Disney Co. is launching an ambitious effort to woo some of the nation's most affluent travelers, building multimillion dollar homes in a new gated community it's creating at its famous Florida resort.
And meanwhile, north of Dallas and Fort Worth, in Southlake, one of the most prominent and desirable areas in all of Texas, new homes are the small shoots signaling the slow but steady regrowth of the nation's economy. While the numbers buying new homes are still lower that hoped for, many are investing instead in their existing home, remodeling or renovating their homes up and down, inside and out.
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