WASHINGTON - Sales of new homes plunged in March to the lowest level in 16 1/2 years as housing slumped further at the start of the spring sales season.
The median price of a new home in March, compared with a year ago, fell by the largest amount in nearly four decades...Orders for commercial aircraft actually rose by 5.5 percent while demand for defense aircraft surged by 29.4 percent. Many defense industries have seen big increases reflecting the wars in Iraq and Afghanistan.
New home sales plunge to lowest level in 16 1/2 years
NVDL: What does suburbia have to do with the war in Iraq? In a word: everything. This website has had the postion for some years now that America's eco0nomy is essentially an economy of Americans selling houses to one another. Since that is no longer true, the American economy (in reality) no longer exists.