Sales of new homes in U.S. plunge 11.3% in November

12/24/2009 | Los Angeles Times (tiered subscription model)

Between October and November, new-home sales fell 11.3% to a seasonally adjusted annual rate of 355,000 units, the U.S. Commerce Department said. The drop marks a 9% decline from November 2008. The median price for new homes increased 3.8% last month from October but showed a 1.9% decrease compared with November last year.

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