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New home sales in May up at 6-year high

Wednesday, June 25, 2014 - 06:00

[WASHINGTON] Sales of new US single-family homes jumped to a six-year high in May, the latest indication that the housing market was starting to dig out of a recent soft patch. The Commerce Department yesterday said that sales surged 18.6 per cent to a seasonally adjusted annual rate of 504,000

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