The Commerce Department reported March new home sales fell 8.5 percent

AFP Thursday April 24, 08:27 PM
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A property for developement is for sale in the city of Colton in southern California's San Bernardino county, February 2008. Sales of new US homes plunged to a 17-year low in March despite hefty home price declines in response to a glut of unsold homes, Commerce Department figures showed. A property for developement is for sale in the city of Colton in southern California's San Bernardino county, February 2008. Sales of new US homes plunged to a 17-year low in March despite hefty home price declines in response to a glut of unsold homes, Commerce Department figures showed.

AFP