Wednesday, November 29, 2006

NEW HOME SALES FALL, MEDIAN PRICE INCREASES

Sales of new homes fell 3.2% in October, after increasing the previous two months, according to the Commerce Department. Over the past year, sales have fallen 25.4%. The median price for a new home rose 1.9% from October 2005, the biggest increase since February. In October, there were 558,000 new homes for sale, a seven-month supply.

Forbes

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