Thursday, February 24, 2011

Sales of new homes fall a shocking 11.2%

"The new year has brought little cheer to new-home builders: Their sales fell a shocking 11.2% between December and January and 18.6% from 12 months earlier.

The total number of new homes sold in January was a seasonally adjusted 284,000, down from 325,000 in December, the government said Thursday"

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Sales of new homes fall a shocking 11.2%

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