Friday, October 30, 2009

U.S.New Homes Sales Dip

Yesterdays London Free Press, reported that new homes sales in the U.S. dipped last month as the effects of a temporary tax credit for first time owners started to wear off. The 3.6% drop in September's new home sales, as reported by the U.S. Commerce Dept., was the first decline since March after a strong rebound during the summer. The good news is orders to U.S. factories for big-ticketed manufactured goods rose 1%in September.

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