RANCHO CUCAMONGA, CA - JANUARY 28:  New homes, some occupied and some yet to be sold, stand under a stormy sky after new-home sales tumbled to the lowest mark in 12 years during December and prices fell sharply, where a recent housing boom has been taking place January 28, 2008 in Rancho Cucamonga, California. New home sales in the US dropped an unexpected 4.7 per cent last month and sales in December hit an annual pace of 604,000, the lowest level since 1995, the Commerce Department announced this week. Getty Images logo Getty Images 22 months ago

RANCHO CUCAMONGA, CA - JANUARY 28: New homes, some occupied and some yet to be sold, stand under a stormy sky after new-home sales tumbled to the lowest mark in 12 years during December and prices fell sharply, where a recent housing boom has been taking place January 28, 2008 in Rancho Cucamonga, California. New home sales in the US dropped an unexpected 4.7 per cent last month and sales in December hit an annual pace of 604,000, the lowest level since 1995, the Commerce Department announced this week.