2007-12-28 Grim November for New-Home Sales

2007-12-28 \US economy\US real estate http://www.nytimes.com/2007/12/28/business/28cnd-home.html?hp Grim November for New-Home Sales &ldquo;Sales of new homes hit a 12-year low in November, falling short of even the most skeptical Wall Street estimates. .. The unexpectedly weak report suggested that home prices would fall further next year as the housing market struggles to break out of its deepest slump since the early 1990s. .. Sales of single-family homes fell 9 percent last month, the Commerce Department said, for a seasonally adjusted annual rate of 647,000, the slowest pace since April 1995.&rdquo;   