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Wednesday, March 23, 2011

U.S. New-Home Sales Unexpectedly Fall to Lowest on Record

Glenn Reynolds remarks "THEY KEEP USING THAT WORD."

Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the lowest level since December 2003, adding to evidence the industry is floundering.
That must be because we're in the second year of the country's economic recovery.

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