New home sales are on pace to reach the lowest levels on record this
year. This years sales rate of new homes as of July is about 298,000 with sales
of new homes peaking in 2005 at 1.3 million units.
For additional information about this subject please look at the link
provided.
Source: Some Home Builders Run Out of
Lifelines The Wall Street Journal (Aug. 31,
2011)
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