News from The Associated Press
Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history.
The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That's less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.
It's also below the 323,000 homes sold last year - the worst year for sales on records dating back to 1963.