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Calculated Risk: New Home Sales collapse to Record Low in May by Decius at 3:51 pm EDT, Jun 23, 2010
The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 300 thousand. The 300 thousand annual sales rate is a new all time record low. The previous record low annual sales rate was 338 thousand in September 1981.
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