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On pace to increase 18% over last year, new home sales in 2012 will still be the 3rd lowest on...

On pace to increase 18% over last year, new home sales in 2012 will still be the 3rd lowest on record (since 1963), surpassing 2010 and 2011, but falling short of 2009, writes Bill McBride. Most of the increased housing activity since the bust has been existing home sales (think "distressed"). Have surging homebuilder stocks gotten ahead of themselves or is there a lot more room to run?
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