December 28, 2007

New home sales slump; business activity up (Reuters)

A view of a neighborhood outside Denver in a file photo. Sales of new single-family U.S. homes fell much more than expected to an annual rate of 647,000 in November, the slowest pace in more than 12 years, according to a government report on Friday. (Rick Wilking/Reuters)Reuters – Sales of new U.S. homes fell in
November to the lowest rate since 1995, but business activity
perked up this month, according to reports on Friday that
showed pockets of strength in the economy despite a housing
sector meltdown.

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