Friday, February 24, 2012

New-home sales dip after 4 straight monthly gains (AP)

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A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)AP - Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120224/ap_on_bi_go_ec_fi/us_new_home_sales

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