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2011 New Home Sales Set Record Low

2011 New Home Sales Set Record Low

In a sign of how much the American economy is still struggling, the number of new homes sold in the U.S. in 2011 was the lowest since the government began tracking the numbers in 1963. The 2011 numbers were 6.2% lower than 2010. Some analysts say the numbers are misleading, however, since sales of existing homes are rising …


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