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Sales of new homes down for a third month in March

Published Mon, Apr 25, 2016 · 09:50 PM

Washington

PURCHASES of new homes in the United States unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the west since July 2014.

Total sales decreased 1.5 per cent to a 511,000 annualised pace, a Commerce Department report showed on Monday. In western states, demand slumped 23.6 per cent.

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