"Sales of newly constructed homes plunged in December to the lowest level on record, going back to 1963, according to a government report released Thursday.
The U.S. Census Bureau reported that new home sales fell to an annual, seasonally adjusted rate of 331,000 in December. That's down 14.7% from a revised 388,000 annual rate in November.
The December sales pace was 44.8% below the same month a year ago, when the annual rate of new home sales was 600,000."
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New home sales plunge in December to lowest on record
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