January 28, 2008
New home sales down 41 percent from last year
Sales of new one-family houses dropped by 40.7 percent in December compared with sales figures from a year earlier.
According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new one-family houses last month were 604,000, significantly less than the 1,019,000 sold in December 2006.
Another troubling sign; Home sales dropped nearly five percent from November to December across the nation.
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