| From FT: Sales of new homes in the US plunged to a record low last month as buyers continued to wait for prices to fall further, government figures showed on Thursday. New home sales fell by 14.7 per cent in December to an annual rate of 331,000 from a revised rate of 388,000 in November.
It was the sharpest decline since 1994. December sales were off by 44.8 per cent compared with the same month in the year before, and 482,000 new homes were sold in all of 2008, down from 776,000 in 2007..... Full Article: Source
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