Relevant:
- Builders in U.S. Sold Fewer New Homes Than Forecast as Jobs Remain Scarce
- Existing U.S. Home Sales Fell in December as Supplies at Lowest Level Since 1999
- Existing U.S. Home Sales Decline as Supply Drops
- Sales of U.S. New Homes Increased Again in September
- Existing home sales in January see biggest drop in 3 years
2011-11-28 — bloomberg.com
"An overhang of distressed properties in the foreclosure pipeline that is weighing on prices of existing houses may keep luring buyers away from new construction. A jobless rate that has been hovering around 9 percent or higher for more than two years signals demand will take time to pick up."
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