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New Home Sales Plunge a Lot More Than Expected

from Business Insider

New home sales in the U.S. fell much more than expected in April. Sales slumped 11.4 percent at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report. Economists had forecast that sales of new single-family homes fell 1.8 percent at a seasonally adjusted annual rate of 610,000, according to Bloomberg. more


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