Sales of new homes lower by 5 percent - 2004-01-29
Orders for big-ticket goods were flat in December after dropping in November, highlighting the struggles America's manufacturers are facing as they try to get on firm footing. The pace of new-home sales also slowed last month.
For all of 2003, however, home sales totaled a record high of 1.09 million as low mortgage rates beckoned buyers. That represented an 11.5 percent jump from 2002, the previous best year for sales.
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