..stocks were off session highs after the government said sales of newly built U.S. single-family homes fell unexpectedly to a record low in January, hinting at potential trouble for the fragile housing recovery.
"It's awful. This is with the home buyer tax credit. I don't understand people who say the housing market is turning. This number tells you housing is dead still," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.
http://biz.yahoo.com/rb/100224/business_us_markets_stocks.html?.v=10
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