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Consumer confidence slips in September

New home sales down 3.4% to annual rate of 560,000 units last month, the lowest level since December 2016

Harvey hurt sales of previously owned homes in August and held back the completion of houses under construction. With Irma slamming Florida in September, housing market activity could remain weak.


US consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter.

The economy, however, remains on solid...

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