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New Home Sales Plunge 16.9 Percent

Wednesday, March 23, 2011

Enlarge Scott Olson/Getty Images
With 3 million foreclosures forecast this year nationwide, a turnaround in home construction isn’t expected for at least three years.


Scott Olson/Getty Images
With 3 million foreclosures forecast this year nationwide, a turnaround in home construction isn’t expected for at least three years.

The number of people buying new homes tumbled in February to the fewest on records dating back nearly half a century, a dismal sign for an

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