Posted AT 1:57 PM EDT on 27/02/06
U.S. home sales fall
WASHINGTON — The backlog of unsold new homes in the United States reached a record level last month, as sales slipped despite the warmest January in more than 100 years.
The Commerce Department reported Monday that sales of new single-family homes dropped by 5 per cent to a seasonally adjusted annual rate of 1.233-million units last month.
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