Consumer confidence falls; new home sales up
Dip in confidence likely related to last month's failed attempt by Republicans in the House of Representatives to pass legislation to repeal Affordable Care Act
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Washington
US consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.
The economy's healthy fundamentals were also underscored by other data on Tuesday showing the biggest year-on-year increase in house prices in 21/2 years in February.
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