2011-08-24 — bloomberg.com
"Homebuilders have struggled for profitability as sales slumped amid low consumer confidence, tight credit, falling property values and an unemployment rate of more than 9 percent. New-home sales fell to an annual pace of 298,000 in July, the Commerce Department reported yesterday. At that rate, 2011 would be the slowest year in records dating to 1963."
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