U.S. sales of new homes in 2011 hit record lows

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: January 26, 2012 - 9:33 PM

A slow December caused the year's home sales to fall below expectations.

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pitythefoolsJan. 27, 12 7:54 PM

This is good news. With such an over-supply of homes on the market or about to go on the market as short sales or foreclosures there should be NO new houses being built. All new builds do is continue to drive home values down. The benefits of supply-side economics.

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