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LATEST US DATA

New home sales drop to one-year low

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The median price of a new house in the United States jumped 13.5 per cent from a year ago to US$296,900 last month.

Washington

SALES of new single-family homes in the United States fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses. The Commerce Department said on Monday sales dropped 11.5 per cent to a seasonally