Reuters – Homes under construction are seen in Walnut, California, February 16, 2010. REUTERS/Mario Anzuoni …
On Wednesday February 24, 2010, 10:23 am
WASHINGTON (Reuters) – Sales of newly built single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.
The Commerce Department said sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in January 1963, from an upwardly revised 348,000 in December.
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