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US New Home Sales down sharply for November 2009

Written December 23, 2009 at 10:01 AM EST by Shawn Powell 

US New homes sales for November are down sharply from the estimate of 440k, to 355k actual. Supply at the current sales rate fell to 6.7 months, compared to September’s 7.4 months and compared with 11.1 months a year ago.

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