Sales of new single-family houses in January 2010 were at a seasonally adjusted annual rate of 309,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 11.2% below the revised December rate of 348,000 and is 6.1 percent below the January 2009 estimate of 329,000 – - the lowest since records in the current series began in 1963.
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new homes are actually cheaper in the long run compared to renting an old house or renovating a used home ~