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Washington - U.S. New Home Sales Rise To Eight-month High

Apr 25, 2017 at 01:04 PM

Washington - New U.S. single-family home sales surged to an eight-month high in March, pointing to underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. The Commerce Department said on Tuesday new home sales jumped 5.8 percent to a seasonally adjusted annual rate of 621,00 units last month, the highest level since July 2016. February's sales...

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