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New home sales in December fall more than forecast

Sales drop 7% to a 414,000 annualised pace after a 445,000 rate in November
Tuesday, January 28, 2014 - 06:00

[WASHINGTON] Purchases of new homes in the US fell more than forecast in December, ending the industry's best year since 2008 on a sour note. Sales decreased 7 per cent to a 414,000 annualised pace after a 445,000 rate in November that was weaker than previously calculated, the Commerce