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New home sales in January tumble from 10-month high

Published Wed, Feb 24, 2016 · 09:50 PM

Washington

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,…

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