Empty new developments form ‘ghost towns’ across U.S. 

Nearly 200,000 new U.S. single-family homes are empty, the most the Commerce Department has counted since it began keeping track in 1973. Ten states, including New York and Florida, could see a reduction in tax revenue of over $6.6 billion because of falling property values and foreclosures. About 370,000 new homes are for sale again after buyers who contracted to buy them backed out, according to analysts at New York-based CreditSights Inc.