August 26, 2010 9:49 AM

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US: Sale of new homes falling to their lowest level in 40 years

Figures on the state of the American economy show the sale of new homes falling to their lowest level in 40 years. The figures come a day after statistics show that the sale of existing homes were at 15 years low. The news on house sales has led some economists to suggest that the United States economy is teetering on the edge of another recession.

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