Price cuts and tax credits provide a boost. Still, 2009 is shaping up to be the worst year for new-home sales since at least 1963. Sales of new single-family homes were up 11% in June from the month before, as buyers responded to price cuts and tax credits meant to clear the still-massive backlog of unsold homes.
New-home Sales Up 11% In June From Previous Month
Los Angeles Times - Top News, Los Angeles Times
Mon, 07/27/2009 - 9:47am
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