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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
September 28, 2007
Sales of new homes plunged in August to their slowest pace in more than seven years. Purchases of new homes fell to an annual pace of 795,000, an 8.3 percent decline from July, as the number of months needed to sell off builders’ inventories rose to the highest level since March, the....