Industry News

Supply of new homes for sale hits 27-year high

Median price down 15.1% in January
Published on Feb 27, 2008

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by CareyBot

The for-sale inventory of new single-family homes bloated to its highest level in 27 years in January, as sales of new single-family homes slipped to the lowest adjusted annual rate in about 13 years, the U.S. Census Bureau and the ...