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Montevideo, March 28th 2024 - 20:26 UTC

Tag: US homes

  • Thursday, March 24th 2011 - 18:27 UTC

    US homes market faces challenging 2011 as sales plunge to new lows

    NAR chief economist Lawrence Yun

    United States sales of new homes fell 16.9% last month compared with January and by a whopping 28% from the level of February 2010, the U.S. Commerce Department said. The February 2011 figure represents an annualized rate of 250,000 new home sales. Analysts had expected an annualized rate of 290,000.