Industry News

New-home sales tumble 26% in 2007

Sales drop steepest on record, Commerce Department says
Published on Jan 28, 2008

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by CareyBot

The Commerce Department today reported that 2007 sales of new single-family homes fell at their sharpest clip since 1963, the year it first began tracking these figures. An estimated 774,000 new homes were sold last year, down approximately 26.4 percent ...