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Sales of New Homes Spike in October

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Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau. The government also reported that new-home sales fell 6.6 percent in September. The release of both the September and October report were delayed by the partial government shutdown in early October.Click to continue


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