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Archive Home > 2010 > June > 24 > New-home sales hit record low

New-home sales hit record low

Drop was anticipated as tax credits ended, but it was larger than most expected

By David Streitfeld / The Bulletin
June 24, 2010

The new-housing market has never been this bad, at least not since the government started tracking such things in 1963.

Outdoing even the pessimists’ expectations, sales of new homes declined by a record amount in May to a new low. The dismal data, released by the Census Bureau on Wednesday,....

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