Quotes of the Day

In this photo taken Friday July 15, 2011, in Springfield, Ill., a newly constructed home for sale, is displayed. Builders broke ground on fewer homes in July, with increased apartment construction not able to offset weaker single-family home building.
Tuesday, Aug. 23, 2011

Open quoteHow much longer can we flatline on housing?Close quote

  • M. CARY LEAHEY,
  • senior economist at Decision Economics, after the Commerce Department reported that the number of people who bought new homes fell for the fourth straight month in July; this year's sales are on track to be the lowest on record, dating back half a century
Photo: Seth Perlman / AP | Source: Los Angeles Times