8/26/2010

Statistics on new-home sales in the U.S. are as troublesome as those for existing homes, according to The Economist. Last month, 25,000 new homes were sold, a 90% drop from nearly 120,000 in July 2005. "When one takes into account that sales aren't spread evenly around the country -- most are taking place in tighter markets experiencing job growth -- it becomes clear that in some metropolitan areas housing markets have all but shut down," the magazine notes.

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