Industry NewsMarkets & Economy

New-home price slips to ’04 level

October sales rate down 69% from peak
Published on Nov 26, 2008

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by CareyBot

October sales of new single-family homes dropped to the lowest annual pace since January 1991, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported today, and fell about 40.1 percent compared to October 2007. The ...