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LATEST US DATA

December home sales surge to a 10-month high

Job gains, attractive mortgage rates help push new-home sales forward for a 4th straight year

Washington

PURCHASES of new homes in the US surged in December to the highest level in 10 months, closing out the best year for housing since 2007.

Sales jumped 10.8 per cent last month to a 544,000 annualised pace, a Commerce Department report showed on Wednesday. For all of 2015

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