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New home sales in January tumble from 10-month high

Thursday, February 25, 2016 - 05:50


PURCHASES of new homes dropped more than forecast in January as contract signings slumped in the western US by the most since May 2010.

Sales declined 9.2 per cent to a 494,000 annualised pace after a 544,000 rate in December that was the strongest in 10 months, Commerce

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