Yes and don't expect housing to come back anytime soon

New Home Sales Fall; 2011 May Be Record Low - TIME: Housing remains the weakest part of the economy. Last year was the worst for new-home sales on records that go back nearly 50 years.

There is no less economical way to live than in a detached home that requires one or more of everything that can be shared in a cluster of dwellings. We need to create new cyber cities beyond sprawl and the need to own automobiles. And until we do housing will remain moribund.

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