Monday, December 31, 2007

New home sales drop to lowest in 12 yrs (AP)



New homes are for sale at the Promenade Islands of Doral development in Doral, Fla. Friday, Dec. 28, 2007. Sales of new homes plunged last month to their lowest level in more than 12 years. Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector. (AP Photo/Lynne Sladky)AP - The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.




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