In December of 2010 new single-family home sales increased by 7.6% from the new home sales in December 2009. But perhaps the most promising statistic is that the prices of these new homes are the highest since April of 2008. The chief U.S. economist with Barclays Capital in New York says that the inventory of new homes is “at its lowest since the 1960’s”. It is believed that new home sales are stabilizing and that there will be an upward trend in sales in 2011.
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