Saturday, March 31, 2012

New-home purchases fall, 2011 worst ever for sales

This Jan. 18, 2012 photo shows a new home in a development in Pleasant Hills, Pa. Fewer people bought new homes in December, making 2011 the worst sales year on record. (AP Photo/Gene J. Puskar)Fewer Americans bought new homes in December. The decline made 2011 the worst year for new-home sales on records dating back nearly half a century.


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