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New home sales stay close to almost nine-year high

Durable employment gains and historically low mortgage rates combining to lift housing demand

Published Wed, Oct 26, 2016 · 09:50 PM

Washington

PURCHASES of new US homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.

Sales climbed 3.1 per cent to a 593,000 annualised rate from an August pace that was weaker than initially reported, Commerce Department data showed on Wednesday. The median for…

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