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LATEST US DATA

New-home sales in April surge to highest level since 2008

Wednesday, May 25, 2016 - 05:50

Washington

PURCHASES of new homes in the US surged in April to the highest level since the start of 2008, pointing to a robust spring selling season for builders.

Sales jumped 16.6 per cent to a 619,000 annualised pace, and purchases in the first three months of the year were

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