However, this picture has steadily improved over recent months - the overhang of unsold properties has fallen to a 13-year low, while the average interest rate on new mortgages has fallen to an all-time low thanks to interventions by the US Federal Reserve.
The business body also reported that total new orders had fallen sharply over the past quarter.
In August it found that the number of net new jobs had fallen by 119, 000 and in July by 195, 000.
About 8 inches of new snow had fallen on parts of the Kansas City metro area as the sun rose Tuesday.
Such basic realities probably explain why Lee's new pitch has fallen flat.
However, sales of new homes have fallen, and continuing declines in starts have not yet led to meaningful reductions in the inventory of homes for sale.
Critics of this theory (including Christina Romer, head of Mr Obama's Council of Economic Advisers) point out that the rate at which unemployed workers get new jobs has fallen across all industries.
ECONOMIST: America's labour market: Something's not working | The
As a value investor, Miller likes to accumulate stocks that have fallen to new lows.
Joe Lieberman skipped the Iowa caucuses to concentrate on New Hampshire but has fallen to the back of the pack.
By this August the number of new homes started had fallen to 1.3m at an annual rate, 42% below the peak.
The number of new home loans has fallen 26 percent since its recent peak in June 2009, a leading indicator for housing.
Since last October, new home loans have fallen for seven months straight.
Although the recession has taken a toll and pushed up unemployment, the WAO said the number of new private businesses has fallen, despite significant investment by the council.
In the mid 1980s, this had peaked at over 6.5m but by the launch of the New Deal it had fallen to around 5m, the lowest for a generation.
There is better news from some countries - the rate of new HIV infections has fallen substantially in some countries, such as Thailand, thanks in part to well-funded prevention programmes.
Of the Kiwi batsmen only Oram really came to terms with the task and New Zealand would have fallen considerably more than 32 runs shy of their target had it no been for his efforts.
"When it comes to discretionary purchases of new products, everything has fallen by the wayside, " says Carney.
At least a foot and a half of snow has fallen throughout southern New England Friday and Saturday.
FORBES: Massachusetts, Rhode Island Grounded From Blizzard 'Nemo'
The average holding period for shares traded on the New York Stock Exchange has fallen to four months.
By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels.
New business levels have now fallen for a seventh consecutive month.
"It's really hard to think of another place in New York City that has fallen so short of its potential for economic development, " said Jonathan Bowles, the center's director.
Yet in the last several years, according to data from the Bureau of Labor Statistics, the number of new businesses launching annually has fallen by an unprecedented 23 percent.
Over half of the under 18s that get pregnant end up having an abortion, meaning the number of new teenage mothers has actually fallen by nearly a quarter since the late 1990s.
Mr Vaz's comments come as the Sunday Times reports that the government has released new figures suggesting crime has fallen by 10% in 19 out of 43 police forces in England and Wales, despite budget cuts.
Almost a quarter (24%) more respondents said new sales had risen rather than fallen.
Shares of the New York-based company have fallen 84.2% over the past six months.
The number of new permanent jobs in Scotland has fallen for the first time in six months, according to a leading study.
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