New-Home Sales in 2010: Lowest in 47 Years

January 26th, 2011

Via: AP:

Buyers purchased the fewest number of new homes last year on records going back 47 years.

The Commerce Department says sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009. It was the fifth consecutive year that sales have declined after hitting record highs for the five previous years when the housing market was booming.

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One Response to “New-Home Sales in 2010: Lowest in 47 Years”

  1. tochigi says:
    January 26, 2011 at 4:22 pm

    2004: 1.203 million
    2005: 1.282 million

    green shoots! only down 75% from the peak, eh!?!

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