HOUSING SALES DOWN 67% IN APRIL-JUNE: PROPEQUITY

Sales or absorption of housing units dropped by 67% to 21,294 across top nine cities in the second quarter of calendar 2020, from 62,851 in the year-ago period, according to a Propequity report. The sales declined because of the Covid-19 outbreak and lockdown. The supply of new units also dropped by 81% during the period to 11,967.