Letterman rails against McCain for no-show

U.S. New-Home Sales Fell in August to 17-Year Low

(Q) Sales of new homes in the U.S. fell in August to a 17-year low, signaling the housing market suffered another setback even before the latest turmoil in financial markets.

Sales dropped 11.5 percent, more than forecast, to an annual rate of 460,000, the fewest since January 1991, the Commerce Department said today in Washington. The median sales price dropped to a four-year low. Bounce 2 Bloomberg

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