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LA Times: New Home construction still near record lows
About 15,000 new homes will be sold this year in the six-county region - 58% less than the 20-year average, predicts Pete Reeb, an economist with John Burns Real Estate Consulting in Irvine. ... Only about 10% of today's new projects are attached condominiums, compared with half in previous expansions, said housing consultant Jeff Meyers, who heads Meyers Research in Beverly Hills. ...
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