29.11.2011 - U.S. new home sales up 1.3 pct in October
Americans bought slightly more new homes in October but prices fell, according to the US Commerce Department. New-home sales increased 1.3% last month to a seasonally adjusted annual rate of 307,000. However, the figure is less than half the 700,000 annual rate that experts believe is needed to sustain a recovery. The average price of a new home fell 0.5% to $212,300 (136,000)...............................................Full Article: Source
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